Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Recommendation of "Hold" by Brokerages

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has earned a consensus recommendation of "Hold" from the nine research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.25.

Several analysts have weighed in on the stock. Mizuho lifted their price objective on shares of Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. TD Cowen dropped their price target on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Wall Street Zen cut Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Wednesday. Finally, UBS Group dropped their price objective on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a report on Wednesday, April 16th.

Par Pacific Stock Performance

Shares of PARR traded down $0.76 during trading hours on Friday, hitting $21.71. The company had a trading volume of 1,202,401 shares, compared to its average volume of 1,140,696. The business has a fifty day moving average of $15.86 and a 200-day moving average of $16.08. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 4.21 and a beta of 1.50. Par Pacific has a 12 month low of $11.86 and a 12 month high of $27.45.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PARR. Jane Street Group LLC increased its stake in shares of 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 purchasing an additional 211,002 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Par Pacific by 4.7% during 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 worth $2,085,000 after buying an additional 6,618 shares during the last quarter. Empowered Funds LLC boosted its stake in Par Pacific by 3.7% in the first quarter. Empowered Funds LLC now owns 325,394 shares of the company's stock valued at $4,640,000 after buying an additional 11,626 shares in the last quarter. Petrus Trust Company LTA bought a new position in Par Pacific in the first quarter valued at about $792,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Par Pacific by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company's stock worth $461,000 after acquiring an additional 1,427 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.