Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.32 and last traded at $34.22, with a volume of 1201030 shares trading hands. The stock had previously closed at $34.63.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on PARR shares. UBS Group dropped their price objective 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 Par Pacific and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a research report on Wednesday, May 28th. Finally, Piper Sandler raised their price target on Par Pacific from $26.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.54.
Read Our Latest Report on PARR
Par Pacific Stock Down 2.2%
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 has a market cap of $1.77 billion, a P/E ratio of -30.35 and a beta of 1.73. The company's 50 day moving average price is $23.98 and its two-hundred day moving average price is $18.28.
Par Pacific (NYSE:PARR - Get Free Report) last issued its earnings results 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). The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. Par Pacific had a negative return on equity of 5.87% and a negative net margin of 0.77%. Par Pacific's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, research analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in shares of Par Pacific in the 1st quarter worth approximately $12,750,000. Solas Capital Management LLC boosted its position in Par Pacific by 417.7% during the 4th quarter. Solas Capital Management LLC now owns 795,000 shares of the company's stock valued at $13,030,000 after acquiring an additional 641,423 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Par Pacific by 43.4% in the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock valued at $31,744,000 after acquiring an additional 586,003 shares during the period. Bridgewater Associates LP purchased a new stake in shares of Par Pacific during the 4th quarter worth $9,293,000. Finally, Walleye Capital LLC grew its stake in Par Pacific by 365.4% in the first quarter. Walleye Capital LLC now owns 424,549 shares of the company's stock valued at $6,054,000 after purchasing an additional 333,319 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.
About Par Pacific
(
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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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