When putting together your watch list, look for stocks with an 80 or higher RS Rating. Par Pacific Holdings stock just met that criteria with a new score of 83.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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Is Par Pacific Holdings Stock A Buy?
Par Pacific Holdings stock is building a flat base with a 40.70 entry. See if the energy stock can break out in volume at least 40% above average. Be aware that it's a fourth-stage base. Such later-stage patterns are more likely to fail than first- or second-stage consolidations.
The oil & gas refiner reported -51% earnings growth in the latest quarterly report, while sales growth came in at 21%. Look for the next report on or around May 1.
Par Pacific Holdings stock holds the No. 13 rank among its peers in the Oil & Gas-Refining/Marketing industry group. NuSTAR Energy, Targa Resources and Sunoco are among the top 5 highly rated stocks within the group.
