Par Pacific Holdings, Inc. (NYSE:PARR) Receives $20.68 Average Price Target from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.68.

A number of research firms recently weighed in on PARR. UBS Group lowered 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 report on Wednesday, April 16th. TD Cowen lowered their target price on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. Finally, Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price for the company.

Par Pacific Price Performance

Par Pacific stock traded down $0.17 during midday trading on Monday, reaching $14.34. The company had a trading volume of 755,474 shares, compared to its average volume of 1,082,545. Par Pacific has a 12-month low of $11.86 and a 12-month high of $32.22. The firm's fifty day simple moving average is $13.84 and its 200-day simple moving average is $15.78. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market capitalization of $779.39 million, a P/E ratio of 2.78 and a beta of 1.64.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. As a group, equities analysts anticipate that Par Pacific will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Par Pacific

A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its holdings in shares of Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after buying an additional 700 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Par Pacific by 2.7% in the first quarter. SummerHaven Investment Management LLC now owns 33,018 shares of the company's stock worth $471,000 after acquiring an additional 860 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of 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 acquiring an additional 960 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Par Pacific by 4.6% in the fourth quarter. Inspire Investing LLC now owns 24,201 shares of the company's stock valued at $397,000 after acquiring an additional 1,066 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.