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Par Petroleum (PARR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The company has recently announced a $90 million investment to construct the state's largest manufacturing facility for liquid renewable fuels at its Kapolei refinery. The company reported revenue of $1.68 billion, up 24.80% compared to $1.35 billion in Q1FY22.
Zacks.com users have recently been watching Par Petroleum (PARR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will participate in the following investor conferences.
Par Pacific Holdings, Inc. (NYSE:PARR ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Ashimi Patel - Director of Investor Relations William Pate - Chief Executive Officer Will Monteleone - President Shawn Flores - Senior Vice President and Chief Financial Officer Richard Creamer - Executive Vice President, Refining & Logistics Conference Call Participants Matthew Blair - Tudor, Pickering, Holt Nicolette Slusser - Goldman Sachs Ryan Todd - Piper Sandler John Royall - JPMorgan Manav Gupta - UBS Jason Gabelman - Cowen Operator Good day and welcome to the Par Pacific's First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded.
Par Petroleum (PARR) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to loss of $0.53 per share a year ago.
Sustained lower crude prices are likely to have a relatively negative effect on Par Pacific's (PARR) refining margins in the first quarter.
Investors need to pay close attention to Par Pacific (PARR) stock based on the movements in the options market lately.
Par Petroleum (PARR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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