Par Pacific Holdings, Inc. (NYSE:PARR) Receives $22.71 Average PT from Brokerages

Par Pacific Holdings, Inc. (NYSE:PARR) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.71.

PARR has been the topic of several research analyst reports. Piper Sandler dropped their price objective on Par Pacific from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Raymond James began coverage on Par Pacific in a research note on Friday, January 24th. They set an “outperform” rating and a $25.00 price target for the company. TD Cowen decreased their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th.

Par Pacific Stock Down 2.9 %

Par Pacific stock opened at $12.89 on Thursday. The company has a market capitalization of $705.70 million, a PE ratio of 2.50 and a beta of 1.64. Par Pacific has a 12-month low of $11.86 and a 12-month high of $39.55. The firm’s fifty day moving average is $15.01 and its 200 day moving average is $16.39. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. As a group, sell-side analysts predict that Par Pacific will post 0.15 EPS for the current fiscal year.

Institutional Trading of Par Pacific

A number of institutional investors and hedge funds have recently modified their holdings of the business. GF Fund Management CO. LTD. bought a new stake in shares of Par Pacific in the fourth quarter worth approximately $286,000. GTS Securities LLC bought a new stake in Par Pacific in the 4th quarter worth approximately $276,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Par Pacific by 9.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,623 shares of the company’s stock worth $2,288,000 after purchasing an additional 11,891 shares during the period. iSAM Funds UK Ltd raised its stake in Par Pacific by 63.5% during the 4th quarter. iSAM Funds UK Ltd now owns 19,697 shares of the company’s stock valued at $323,000 after buying an additional 7,651 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Par Pacific during the 4th quarter valued at $544,000. Institutional investors own 92.15% of the company’s stock.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.