Compared to the US Oil & Gas Refining & Marketing earnings ratio of 8.86x, PARR offers good value based on its earnings to share price ratio of 3.46x.
Par Pacific Holdings Inc. has accumulated positive free cash flow for the last three years, an unusually high level in the refining sector.
Looking at PARR's financials, revenues are forecast to grow faster (0.54% per year) than the industry average (-9.33%).
Saqib believes PARR is undervalued by more than 40% and could reach $43, a 56% increase from the current level, making it a compelling addition to a diversified portfolio.
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