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

Key Points

• Par Pacific Holdings, Inc. has received an average analyst rating of "Hold" from nine brokerages, with five recommending a hold and four a buy.
• The company's current stock price is $30.26, with a 12-month average target price of approximately $26.68, indicating potential upside.
• Par Pacific reported a significant earnings beat with $1.54 EPS against estimates of $0.74, while its revenue for the quarter was $1.89 billion, down 6.2% year-over-year.

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has been assigned a consensus rating of "Hold" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $26.6786.

A number of research analysts have recently issued reports on the stock. Mizuho set a $34.00 price target on shares of Par Pacific and gave the stock a "neutral" rating in a research note on Friday, July 11th. Raymond James Financial set a $38.00 price target on shares of Par Pacific and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Piper Sandler boosted their price target on shares of Par Pacific from $26.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. The Goldman Sachs Group lowered shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research note on Wednesday, May 28th. Finally, UBS Group dropped their price target on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.

Institutional Trading of Par Pacific

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in Par Pacific by 175.9% during the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company's stock worth $31,000 after buying an additional 753 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Par Pacific by 232.9% during the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company's stock worth $35,000 after buying an additional 927 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Par Pacific by 157.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company's stock worth $42,000 after buying an additional 976 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Par Pacific by 821.5% during 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 in the last quarter. Finally, Signaturefd LLC boosted its holdings in Par Pacific by 70.2% during the first quarter. Signaturefd LLC now owns 2,391 shares of the company's stock worth $34,000 after buying an additional 986 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Par Pacific Trading Down 0.9%

NYSE PARR opened at $30.26 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 1.56. The firm has a market cap of $1.56 billion, a PE ratio of -26.78 and a beta of 1.83. Par Pacific has a one year low of $11.86 and a one year high of $35.32. The firm's fifty day moving average is $28.31 and its two-hundred day moving average is $20.03.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.80. Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business posted $0.49 earnings per share. Par Pacific's quarterly revenue was down 6.2% on a year-over-year basis. Analysts expect that Par Pacific will post 0.15 earnings per share for the current 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.

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