Brokers Issue Forecasts for Par Petroleum Corp.’s Q3 2016 Earnings (PARR)
Par Petroleum Corp. (ARCA:PARR) – Equities research analysts at Seaport Global Securities lowered their Q3 2016 earnings per share (EPS) estimates for Par Petroleum Corp. in a research note issued to investors on Thursday. Seaport Global Securities analyst B. Mckenzie now anticipates that the firm will post earnings of ($0.68) per share for the quarter, down from their prior forecast of ($0.48). Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Par Petroleum Corp.’s FY2016 earnings at ($1.74) EPS.
Shares of Par Petroleum Corp. (ARCA:PARR) opened at 13.68 on Monday. The company’s market capitalization is $563.32 million. Par Petroleum Corp. has a 12-month low of $12.18 and a 12-month high of $28.31. The stock has a 50 day moving average of $13.33 and a 200-day moving average of $15.35.
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