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Stock impact report

Par Pacific: A Hidden Small-Cap Refiner Poised For Solid Gains [Seeking Alpha]

Par Pacific Holdings, Inc. (PARR) 
NASDAQ:AMEX Investor Relations: parpacific.com/profile
Company Research Source: Seeking Alpha
I see the massive Q3 earnings beat, while boosted by a one-time $203 million regulatory gain, as a sign of underlying strength, but my thesis does not rely on these. PARR's operational leverage to a "distillate-tight world" should be a key growth pillar, as its refineries are running in "max distillate mode" to capture higher margins on diesel and jet. I'm bullish on the Hawaii Renewables/SAF project, which is nearing completion and will create a new, high-visibility earnings stream that could earn the stock a higher "renewables multiple." My valuation model, which I consider conservative, projects a price target of over $50, representing a 21%+ upside as the company's true earnings power is recognized by the market. Rangsarit Chaiyakun/iStock via Getty Images My Thesis On PARR Stock Par Pacific Holdings, Inc. ( PARR ) is a small ($2.22 billion market cap) energy company that operates refineries, fuel retail outlets, terminals, and pipelines for further petroleum and refi Show less Read more
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