Par Pacific Holdings, Inc. (NYSE:PARR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Par Pacific Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with a price target averaging at $34.86.
• The company reported earnings of $1.54 per share for the last quarter, exceeding estimates, although its revenue declined by 6.2% year-over-year.
• Insiders have sold a total of 25,954 shares worth over $863,000 in the last quarter, indicating potential concerns about the company's future performance.

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $34.8571.

Several research firms have recently weighed in on PARR. Weiss Ratings reiterated a "hold (c-)" rating on shares of Par Pacific in a report on Wednesday, October 8th. Raymond James Financial restated an "outperform" rating and set a $45.00 target price (up previously from $38.00) on shares of Par Pacific in a report on Friday. Cowen restated a "buy" rating on shares of Par Pacific in a report on Thursday, August 7th. Wall Street Zen raised shares of Par Pacific from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Finally, UBS Group increased their price objective on shares of Par Pacific from $23.00 to $37.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd.

Par Pacific Price Performance

NYSE:PARR opened at $35.21 on Monday. The firm has a market cap of $1.79 billion, a PE ratio of -125.75 and a beta of 1.74. Par Pacific has a 12 month low of $11.86 and a 12 month high of $38.60. The company has a quick ratio of 0.56, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. The company's 50-day moving average price is $33.85 and its two-hundred day moving average price is $26.80.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.80. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.47 billion. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. The company's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts anticipate that Par Pacific will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Par Pacific news, Director Timothy Clossey sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $33.37, for a total transaction of $66,740.00. Following the completion of the transaction, the director owned 84,000 shares in the company, valued at approximately $2,803,080. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ivan Daniel Guerra sold 5,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $35.11, for a total transaction of $193,105.00. Following the transaction, the chief accounting officer owned 17,491 shares of the company's stock, valued at approximately $614,109.01. The trade was a 23.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,954 shares of company stock worth $863,048 in the last quarter. Corporate insiders own 4.40% of the company's stock.

Institutional Trading of Par Pacific

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in Par Pacific by 352.7% in the 1st quarter. GAMMA Investing LLC now owns 7,556 shares of the company's stock valued at $108,000 after purchasing an additional 5,887 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Par Pacific during the first quarter worth about $194,000. Allspring Global Investments Holdings LLC increased its holdings in Par Pacific by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,601 shares of the company's stock worth $265,000 after buying an additional 6,522 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Par Pacific by 2.7% during the first quarter. Principal Financial Group Inc. now owns 278,536 shares of the company's stock worth $3,972,000 after buying an additional 7,294 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Par Pacific by 2.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 43,531 shares of the company's stock worth $621,000 after buying an additional 960 shares during the last quarter. 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.

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