Par Pacific Holdings, Inc. (NYSE:PARR) Receives $25.29 Average Target Price from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has been given an average rating of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.29.

Several research analysts recently issued reports on the stock. Mizuho cut shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $22.00 in a report on Monday, December 16th. StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reduced their target price on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group reduced their target price on shares of Par Pacific from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Raymond James assumed coverage on shares of Par Pacific in a report on Friday, January 24th. They set an “outperform” rating and a $25.00 target price for the company.

Par Pacific Trading Up 1.4 %

NYSE:PARR opened at $15.78 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $16.79 and a 200-day simple moving average of $18.37. Par Pacific has a 12 month low of $14.84 and a 12 month high of $40.69. The company has a market capitalization of $883.00 million, a P/E ratio of 3.06 and a beta of 1.99.

Insider Buying and Selling at Par Pacific

In other news, Director William Pate sold 67,700 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the sale, the director now owns 524,610 shares of the company’s stock, valued at $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is owned by corporate insiders.

Institutional Trading of Par Pacific

A number of institutional investors and hedge funds have recently modified their holdings of PARR. GAMMA Investing LLC boosted its position in Par Pacific by 232.5% during the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock worth $27,000 after acquiring an additional 1,167 shares during the last quarter. Sterling Capital Management LLC boosted its position in Par Pacific by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock worth $28,000 after acquiring an additional 1,528 shares during the last quarter. US Bancorp DE boosted its position in Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock worth $42,000 after acquiring an additional 700 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Par Pacific by 123.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company’s stock worth $53,000 after acquiring an additional 1,784 shares during the last quarter. Hedge funds and other 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.