Par Pacific (NYSE:PARR) Price Target Raised to $21.00

Par Pacific (NYSE:PARR) had its target price upped by Mizuho from $18.00 to $21.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on PARR. Piper Sandler increased their price target on Par Pacific from $21.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group dropped their price target on Par Pacific from $20.00 to $14.75 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Raymond James began coverage on Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target for the company. StockNews.com cut Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group upgraded Par Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $19.00 in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.25.

Par Pacific Stock Up 5.8%

NYSE PARR opened at $20.58 on Tuesday. The business has a fifty day moving average price of $14.56 and a two-hundred day moving average price of $15.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $29.32. The stock has a market capitalization of $1.06 billion, a PE ratio of 3.99 and a beta of 1.50.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.54). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis. Equities analysts expect that Par Pacific will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Par Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of PARR. Barclays PLC increased its holdings in Par Pacific by 10.1% in the third quarter. Barclays PLC now owns 469,640 shares of the company’s stock valued at $8,265,000 after purchasing an additional 42,930 shares during the period. GAMMA Investing LLC grew its holdings in Par Pacific by 232.5% during the 4th 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 period. Nisa Investment Advisors LLC grew its holdings in Par Pacific by 37.7% during the 4th 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 period. Viking Fund Management LLC acquired a new stake in Par Pacific during the 4th quarter worth about $1,229,000. Finally, Mutual Advisors LLC grew its holdings in Par Pacific by 30.9% during the 4th quarter. Mutual Advisors LLC now owns 65,724 shares of the company’s stock worth $1,171,000 after acquiring an additional 15,511 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

About Par Pacific

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.