Brokerages Set Par Pacific Holdings, Inc. (NYSE:PARR) Price Target at $21.25

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have earned a consensus recommendation of "Hold" from the nine analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $21.25.

A number of equities analysts recently weighed in on PARR shares. Mizuho boosted their price target on shares of Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Piper Sandler boosted their target price on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. TD Cowen cut their price target on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research report on Wednesday, May 28th. Finally, UBS Group reduced their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a report on Wednesday, April 16th.

Institutional Trading of Par Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Par Pacific in the 1st quarter valued at about $12,750,000. Solas Capital Management LLC increased its stake in Par Pacific by 417.7% during the 4th quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock worth $13,030,000 after buying an additional 641,423 shares during the period. Millennium Management LLC lifted its holdings in Par Pacific by 43.4% during the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock worth $31,744,000 after buying an additional 586,003 shares in the last quarter. Bridgewater Associates LP purchased a new position in Par Pacific in the 4th quarter valued at approximately $9,293,000. Finally, Walleye Capital LLC grew its stake in shares of Par Pacific by 365.4% in the first quarter. Walleye Capital LLC now owns 424,549 shares of the company's stock worth $6,054,000 after acquiring an additional 333,319 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Price Performance

Shares of NYSE:PARR traded up $0.25 during midday trading on Tuesday, reaching $27.64. 886,854 shares of the company's stock traded hands, compared to its average volume of 1,178,069. The company has a fifty day simple moving average of $18.92 and a two-hundred day simple moving average of $16.76. Par Pacific has a 1 year low of $11.86 and a 1 year high of $28.41. The company has a market cap of $1.43 billion, a P/E ratio of -24.50 and a beta of 1.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 1.56.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a negative return on equity of 5.87% and a negative net margin of 0.77%. The business's revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Equities analysts predict that Par Pacific will post 0.15 EPS for the current fiscal year.

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.