Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $31.70 and last traded at $31.42, with a volume of 43301 shares traded. The stock had previously closed at $31.23.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Raymond James Financial boosted their price objective on Par Pacific from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Mizuho boosted their price objective on Par Pacific from $21.00 to $34.00 and gave the stock a "neutral" rating in a research note on Friday. The Goldman Sachs Group lowered Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Wednesday, May 28th. Piper Sandler boosted their price objective on Par Pacific from $26.00 to $38.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, UBS Group lowered their price objective on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $25.54.
Check Out Our Latest Analysis on PARR
Par Pacific Trading Up 1.1%
The company has a 50 day moving average price of $23.98 and a 200 day moving average price of $18.25. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -30.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.54 and a current ratio of 1.56.
Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) 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 net margin of 0.77% and a negative return on equity of 5.87%. 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 firm posted $0.69 EPS. On average, 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 hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Par Pacific by 55.7% in the 4th 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. Charles Schwab Investment Management Inc. boosted its holdings in Par Pacific by 22.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock valued at $14,902,000 after acquiring an additional 167,594 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Par Pacific in the fourth quarter valued at $236,000. Amundi lifted its stake in shares of Par Pacific by 196.8% during the fourth quarter. Amundi now owns 38,751 shares of the company's stock worth $656,000 after purchasing an additional 25,694 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Par Pacific by 167.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,084 shares of the company's stock worth $477,000 after purchasing an additional 18,224 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.
About Par Pacific
(
Get Free Report)
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.
Further Reading
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