Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) shares gapped up before the market opened on Wednesday after Mizuho raised their price target on the stock from $79.00 to $80.00. The stock had previously closed at $61.46, but opened at $63.92. Mizuho currently has an outperform rating on the stock. Par Pacific shares last traded at $66.7980, with a volume of 109,238 shares traded.
Other research analysts have also issued research reports about the company. Piper Sandler raised their price objective on Par Pacific from $63.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Par Pacific in a report on Wednesday, June 24th. Guggenheim upgraded shares of Par Pacific to an “outperform” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Raymond James Financial boosted their price target on shares of Par Pacific from $50.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Par Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $70.86.
Get Our Latest Stock Analysis on Par Pacific
Institutional Investors Weigh In On Par Pacific
Par Pacific Trading Down 4.2%
The company has a market cap of $3.29 billion, a PE ratio of 7.33 and a beta of 0.82. The company’s 50 day simple moving average is $58.17 and its two-hundred day simple moving average is $51.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60.
Par Pacific (NYSE:PARR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm posted ($0.94) earnings per share. Par Pacific’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Par Pacific Holdings, Inc. will post 16.31 EPS for the current fiscal year.
About Par Pacific
Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.
In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.
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