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

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has received a consensus recommendation of "Hold" from the nine ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.68.

A number of research firms recently weighed in on PARR. Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Mizuho set a $34.00 target price on Par Pacific and gave the company a "neutral" rating in a research note on Friday. The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research report on Wednesday, May 28th. Piper Sandler lifted their price target on Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, UBS Group dropped their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

Par Pacific Price Performance

PARR stock traded up $0.41 during mid-day trading on Friday, reaching $34.64. 649,764 shares of the company traded hands, compared to its average volume of 1,219,715. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.56 and a quick ratio of 0.54. The company has a market capitalization of $1.79 billion, a P/E ratio of -30.68 and a beta of 1.73. Par Pacific has a 52-week low of $11.86 and a 52-week high of $35.32. The company has a fifty day moving average price of $24.37 and a 200-day moving average price of $18.40.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. As a group, analysts anticipate that Par Pacific will post 0.15 earnings per share for the current year.

Institutional Trading of Par Pacific

A number of hedge funds have recently bought and sold shares of PARR. Sterling Capital Management LLC raised its holdings in shares of Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after buying an additional 1,528 shares during the period. US Bancorp DE raised its holdings in shares of Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after buying an additional 652 shares during the period. Farther Finance Advisors LLC increased its holdings in Par Pacific by 175.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company's stock worth $31,000 after purchasing an additional 753 shares during the period. Signaturefd LLC increased its holdings in Par Pacific by 70.2% during the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company's stock worth $34,000 after purchasing an additional 986 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Par Pacific during the 1st quarter worth $35,000. Hedge funds and other institutional investors 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.