Par Pacific Holdings, Inc. (NYSE:PARR) Receives Average Rating of "Hold" from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has been given an average recommendation of "Hold" by the nine research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.25.

A number of equities research analysts have weighed in on PARR shares. Wall Street Zen downgraded Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. UBS Group cut their target price on Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Mizuho upped their target price on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research report on Wednesday, May 28th. Finally, Piper Sandler upped their target price on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th.

Institutional Investors Weigh In On Par Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in Par Pacific by 22.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after purchasing an additional 167,594 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in Par Pacific during the fourth quarter valued at approximately $286,000. Sanctuary Advisors LLC boosted its holdings in Par Pacific by 126.2% during the fourth quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock valued at $843,000 after purchasing an additional 27,480 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Par Pacific by 35.0% in the fourth quarter. Ameriprise Financial Inc. now owns 248,972 shares of the company's stock valued at $4,081,000 after acquiring an additional 64,536 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Par Pacific in the first quarter valued at approximately $219,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Par Pacific Stock Performance

Shares of NYSE PARR opened at $26.38 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $18.11 and a 200-day simple moving average of $16.54. The company has a market cap of $1.36 billion, a PE ratio of 5.11 and a beta of 1.68. 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 issued its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, equities research analysts forecast that Par Pacific will post 0.15 EPS for the current year.

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.

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