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

Key Points

• Par Pacific received a consensus recommendation of Moderate Buy from 10 brokerages (six buys, four holds) with an average 1‑year target of $67, and several firms (JPMorgan, Raymond James) recently raised targets to $77.
• Latest quarter showed a revenue beat ($1.81B vs. $1.68B) but an EPS miss ($1.17 vs. $1.21); the company posts a strong 30.19% ROE, trades at a P/E of 8.62, and has a market cap of $3.11B with a 52‑week range of $12.17–$67.39.
• CEO William Monteleone sold 108,948 shares for roughly $5.9M (a ~19.2% reduction in his holdings); insiders own 3.6% of the stock while institutional investors hold about 92.15%.

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $67.00.

Several research firms recently commented on PARR. JPMorgan Chase & Co. increased their price target on Par Pacific from $48.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th. Raymond James Financial increased their price target on Par Pacific from $50.00 to $77.00 and gave the company an "outperform" rating in a report on Wednesday, March 25th. Wall Street Zen raised Par Pacific from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 14th. Piper Sandler increased their price target on Par Pacific from $63.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Par Pacific in a report on Friday, March 27th.

Par Pacific Stock Performance

NYSE PARR opened at $62.85 on Monday. The company has a market cap of $3.11 billion, a PE ratio of 8.62 and a beta of 0.97. The stock's 50 day simple moving average is $50.88 and its 200-day simple moving average is $43.10. Par Pacific has a 1-year low of $12.17 and a 1-year high of $67.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.61 and a quick ratio of 0.49.

Par Pacific (NYSE:PARR - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.04). The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.68 billion. Par Pacific had a net margin of 4.95% and a return on equity of 30.19%. The business's revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.79) EPS. As a group, equities research analysts anticipate that Par Pacific will post 0.15 EPS for the current fiscal year.

Insider Activity at Par Pacific

In related news, CEO William Monteleone sold 108,948 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the sale, the chief executive officer owned 457,167 shares of the company's stock, valued at approximately $24,714,448.02. This trade represents a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Par Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in PARR. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Par Pacific during the third quarter worth $1,149,000. Principal Financial Group Inc. increased its stake in Par Pacific by 38.5% during the third quarter. Principal Financial Group Inc. now owns 354,439 shares of the company's stock worth $12,554,000 after acquiring an additional 98,524 shares during the last quarter. Wakefield Asset Management LLLP acquired a new stake in Par Pacific during the third quarter worth $1,330,000. Barclays PLC increased its stake in Par Pacific by 24.9% during the third quarter. Barclays PLC now owns 705,832 shares of the company's stock worth $25,001,000 after acquiring an additional 140,514 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Par Pacific by 30.9% during the third quarter. Vanguard Group Inc. now owns 5,044,612 shares of the company's stock worth $178,680,000 after acquiring an additional 1,190,088 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

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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