Par Pacific (NYSE:PARR) Lowered to "Sell" Rating by Wall Street Zen

Par Pacific (NYSE:PARR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

PARR has been the subject of several other reports. UBS Group lowered their price objective 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. TD Cowen lowered their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group cut Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research report on Wednesday, May 28th. Mizuho upped their price objective on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Piper Sandler upped their price objective on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Par Pacific has an average rating of "Hold" and a consensus target price of $21.25.

Par Pacific Stock Down 0.5%

PARR traded down $0.11 on Friday, hitting $21.39. 974,783 shares of the company were exchanged, compared to its average volume of 1,155,111. Par Pacific has a twelve month low of $11.86 and a twelve month high of $27.45. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 4.15 and a beta of 1.68. 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 firm has a 50-day moving average price of $16.89 and a two-hundred day moving average price of $16.28.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.54). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $0.69 EPS. The company's revenue was down 11.9% on a year-over-year basis. On average, equities analysts predict that Par Pacific will post 0.15 earnings per share for the current year.

Institutional Trading of Par Pacific

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position in shares of Par Pacific by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after purchasing an additional 1,528 shares during the period. US Bancorp DE boosted its stake in Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after purchasing an additional 652 shares during the period. Signaturefd LLC boosted its stake in Par Pacific by 70.2% during the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company's stock worth $34,000 after purchasing an additional 986 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Par Pacific during the 1st quarter worth $35,000. Finally, Quadrant Capital Group LLC boosted its stake in Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after purchasing an additional 1,784 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

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.