Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $70.00.
A number of analysts recently commented on the company. Raymond James Financial lifted their price objective on Par Pacific from $50.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group upgraded Par Pacific from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $77.00 in a research report on Friday, April 10th. Piper Sandler lifted their price objective on Par Pacific from $63.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Mizuho upgraded Par Pacific from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $79.00 in a report on Wednesday, May 27th. Finally, TD Cowen lifted their price target on Par Pacific from $39.00 to $48.00 and gave the company a “buy” rating in a report on Friday, February 27th.
Read Our Latest Research Report on Par Pacific
Insider Buying and Selling
Institutional Trading of Par Pacific
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PARR. Royal Bank of Canada grew its holdings in Par Pacific by 23.9% in the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock valued at $334,000 after buying an additional 4,525 shares during the period. AQR Capital Management LLC grew its holdings in Par Pacific by 118.2% in the 1st quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock valued at $2,344,000 after buying an additional 89,023 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Par Pacific by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock valued at $461,000 after buying an additional 1,427 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Par Pacific by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock valued at $2,085,000 after buying an additional 6,618 shares during the period. Finally, Jane Street Group LLC grew its holdings in Par Pacific by 352.7% in the 1st quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after buying an additional 211,002 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.
Par Pacific Trading Up 0.1%
Par Pacific stock opened at $55.62 on Tuesday. The stock has a market cap of $2.79 billion, a PE ratio of 6.21 and a beta of 0.83. The stock has a 50-day moving average price of $61.49 and a 200 day moving average price of $49.14. Par Pacific has a 52 week low of $21.01 and a 52 week high of $70.39. The company has a current ratio of 1.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63.
Par Pacific (NYSE:PARR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.22). The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Par Pacific had a return on equity of 34.38% and a net margin of 6.02%.The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.94) EPS. Equities research analysts predict that Par Pacific will post 15.41 earnings per share 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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