Par Pacific (NYSE:PARR) Hits New 52-Week High - Should You Buy?

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $35.32 and last traded at $34.22, with a volume of 1201030 shares traded. The stock had previously closed at $34.63.

Analyst Ratings Changes

PARR has been the subject of a number of research reports. Raymond James Financial set a $38.00 price objective on Par Pacific and gave the stock an "outperform" rating in a report on Tuesday. UBS Group decreased their price target on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Mizuho set a $34.00 price objective on shares of Par Pacific and gave the company a "neutral" rating in a report on Friday, July 11th. Wall Street Zen cut shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Piper Sandler lifted their price target on shares of Par Pacific from $26.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.68.

Par Pacific Stock Performance

The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -28.51 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.04. The stock's fifty day moving average is $25.08 and its two-hundred day moving average is $18.61.

Par Pacific (NYSE:PARR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.54). Par Pacific had a negative return on equity of 5.87% and a negative net margin of 0.77%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Institutional Trading of Par Pacific

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of Par Pacific by 175.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company's stock worth $31,000 after acquiring an additional 753 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Par Pacific by 232.9% in the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company's stock valued at $35,000 after purchasing an additional 927 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Par Pacific by 821.5% during the 4th 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 during the last quarter. US Bancorp DE boosted its holdings in shares of 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 buying an additional 652 shares during the period. Finally, Signaturefd LLC grew its stake in Par Pacific by 70.2% in the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company's stock valued at $34,000 after buying an additional 986 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.