Par Pacific (NYSE:PARR) PT Set at $34.00 by Mizuho

Par Pacific (NYSE:PARR - Get Free Report) has been given a $34.00 price target by stock analysts at Mizuho in a research note issued to investors on Friday, July 11th, MarketBeat reports. The firm presently has a "neutral" rating on the stock. Mizuho's price target points to a potential upside of 6.38% from the company's current price.

Several other brokerages have also weighed in on PARR. Raymond James Financial increased their target price on Par Pacific from $25.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. The Goldman Sachs Group cut shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. UBS Group decreased their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler lifted their price target on Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.68.

Par Pacific Price Performance

Shares of NYSE:PARR opened at $31.96 on Friday. The company has a market cap of $1.65 billion, a PE ratio of -28.28 and a beta of 1.73. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $35.32. The firm has a 50-day simple moving average of $27.63 and a 200 day simple moving average of $19.67. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.04.

Par Pacific (NYSE:PARR - Get Free Report) last issued its 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). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. The business's revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, sell-side analysts anticipate that Par Pacific will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Par Pacific

Several large investors have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. lifted its stake in shares of Par Pacific by 213.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 48,121 shares of the company's stock worth $1,277,000 after acquiring an additional 32,772 shares during the period. Ethic Inc. raised its holdings in Par Pacific by 1.9% during the second quarter. Ethic Inc. now owns 21,801 shares of the company's stock worth $580,000 after purchasing an additional 396 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Par Pacific by 241.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 46,356 shares of the company's stock worth $1,230,000 after purchasing an additional 32,772 shares during the period. CWM LLC lifted its position in Par Pacific by 181.3% in the second quarter. CWM LLC now owns 20,136 shares of the company's stock worth $534,000 after purchasing an additional 12,978 shares during the period. Finally, Inspire Investing LLC boosted its stake in Par Pacific by 93.0% during the 2nd quarter. Inspire Investing LLC now owns 45,923 shares of the company's stock valued at $1,218,000 after purchasing an additional 22,132 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

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.