Home Trending Stocks Why Par Pacific Holdings, Inc. (PARR) stock is declining today?

Why Par Pacific Holdings, Inc. (PARR) stock is declining today?

Shares of Par Pacific Holdings, Inc. (PARR) stock were declining in the current market trading session today after recording a rise of 1.92% at the previous closing. PARR stock price saw a downtrend of 2.42% in the recent trading to drop at $12.92 a share as of this writing. There is no major culprit behind this falling PARR stock price. Let’s deep dive to explore more of it.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s Happening?

Par Pacific Holdings, Inc, also known as Par Petroleum Corporation, is an oil and gas exploration and production firm operating in three segments i.e., refining, retail, and logistics. The falling stock price is not associated with any recent news by the PARR stock so far. Moreover, no analysts degrade have been in the news to justify the bearish sentiment. However, there will be 1×1 virtual meetings between Par’s Chief Financial Officer Will Monteleone and investors at the Goldman Sachs 6th Annual Credit and Leveraged Finance Conference today.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

First Quarter 2021 Financial Results:

PARR stock on May 06, 2021, announced its first-quarter 2021 financial results according to which:

  • Net loss for the PARR stock was $62.2 million or $1.15 diluted per share as compared to a net loss of $222.3 million or $4.18 diluted per share in the first three months of 2020.
  • Adjusted Net loss for Par Pacific significantly increased from  $27.3 million in the first quarter of 2020 to $84.4 million in the first quarter of 2021.
  • Adjusted EBITDA for the first three months of 2021 was $43.3 million while it was $13.7 million in the same tenure of the prior year.
  • Refining segment suffered a $90.9 million operating loss in the recently reported quarter while the previous year’s operating loss for the refining segment was $168.6 million. Gross margin reduced to $3.9 million as compared to $39.6 million in the same period of the prior year.
  • $49.4 million operating income was reported from the retail segment of PARR stock in the first quarter of 2021 as compared to $18.1 million in the same quarter of last year. The gross margin moved back from $31.4 million in Q1 2020 to $25.3 million in Q1 2021.
  • Operating income of  $10.1 million was reported in the logistics segment of PARR stock as compared to 18.8 million in the same prior-year quarter. $19.2 million adjusted gross margin was totaled in the first three months of 2021.

As of March 31, 2021, PARR stock had a total cash balance of 19.2 million and long-term debt increased to $656.0 million. Total liquidity of $286.9 million was reported at the end of March.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion:

PARR stock is gloomy so far without any specific reason related to it. Long-term investors don’t mind such rises and falls rather they focus on stock’s fundamentals, balance sheet, and overall growth of the stock.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

Here is why Cellect Biotechnology Ltd. (APOP) stock shares rallied on Wednesday?

Cellect Biotechnology Ltd. (APOP) surged 56.88% in the after-market session on Wednesday, June 16, 2021, and close the day at $1.86 per share. Earlier...

Comscore Inc. (SCOR) stock surges during after-hour session. Here’s what you should know?

Comscore Inc. (NASDAQ: SCOR) stock gained by 0.69% at last close while the SCO stock price surged by 5.69% in the after-hours after SCOR...

Related News

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam