Par Pacific (PARR) Soars 3.97% on Strong Q1 Earnings

Par Pacific (PARR) shares surged 3.97% today, marking the ninth consecutive day of gains, with a cumulative increase of 33.45% over the past nine days. The stock price reached its highest level since October 2024, with an intraday gain of 6.15%.

The strategy of buying PARR shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.5% annualized gain. However, the overall performance was slightly underwhelming, as the strategy lagged the benchmark S&P 500's annualized return by 1.5 percentage points. The maximum drawdown of -10.5% during the 2025 volatility was notably higher than the benchmark's maximum drawdown of -8.1%, indicating a more volatile risk profile. While the strategy showed some resilience, it was not immune to the broader market fluctuations, highlighting the importance of considering both volatility and return potential when evaluating such a strategy.

Par Pacific Holdings recently reported better-than-expected financial results for the first quarter of 2025. This positive performance has likely boosted investor confidence, contributing to the recent upward trend in the stock price. The company's strong financial position, with $525 million in ending liquidity, further supports its stability and potential for future strategic investments or share repurchases.

Analysts have also adjusted their price targets for Par Pacific. Mizuho raised its target from $18 to $21, while UBS set its target at $14.75. The mean price target among analysts polled by FactSet stands at $19.09. These adjustments reflect varying expectations and could influence market sentiment and the stock's performance.