Par Petroleum (PARR) Is Up 7.55% in One Week: What You Should Know

Company Overview - Par Petroleum (PARR) currently has a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, PARR shares have increased by 7.55%, outperforming the Zacks Oil and Gas - Refining and Marketing industry, which rose by 5.26% [6] - In the last quarter, PARR shares have surged by 47.79%, and over the past year, they have gained 49.08%, significantly outperforming the S&P 500, which increased by 11.26% and 15.64% respectively [7] Trading Volume - The average 20-day trading volume for PARR is 1,620,277 shares, indicating a healthy trading activity that can be a bullish sign for the stock [8] Earnings Outlook - In the past two months, three earnings estimates for PARR have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.30 to $1.83 [10] - For the next fiscal year, three estimates have also moved upwards, reflecting a positive earnings outlook [10] Conclusion - Given the strong price performance, positive earnings revisions, and favorable momentum indicators, PARR is positioned as a strong buy candidate for investors seeking momentum stocks [12]