Par Pacific (NYSE:PARR) Given New $14.75 Price Target at UBS Group

Par Pacific (NYSE:PARR - Free Report) had its price target reduced by UBS Group from $20.00 to $14.75 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on PARR. Piper Sandler reduced their price objective on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and raised their price target for the stock from $18.00 to $19.00 in a research report on Thursday, March 27th. TD Cowen cut their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.68.

Par Pacific Stock Performance

Shares of Par Pacific stock traded up $0.20 on Wednesday, reaching $13.37. The stock had a trading volume of 1,038,577 shares, compared to its average volume of 1,069,950. The stock has a market cap of $726.67 million, a P/E ratio of 2.59 and a beta of 1.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $33.08. The business's 50-day moving average price is $14.07 and its two-hundred day moving average price is $15.96.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.64). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. On average, sell-side analysts forecast that Par Pacific will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Par Pacific

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Par Pacific by 126.7% during the 3rd quarter. FMR LLC now owns 8,634 shares of the company's stock valued at $152,000 after purchasing an additional 4,826 shares during the last quarter. State Street Corp lifted its holdings in Par Pacific by 10.5% during the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company's stock worth $60,919,000 after buying an additional 328,325 shares in the last quarter. Barclays PLC lifted its stake in shares of Par Pacific by 10.1% during the third quarter. Barclays PLC now owns 469,640 shares of the company's stock valued at $8,265,000 after acquiring an additional 42,930 shares during the period. Geode Capital Management LLC boosted its holdings in Par Pacific by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock valued at $22,591,000 after acquiring an additional 7,804 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Par Pacific in the third quarter worth about $383,000. 92.15% of the stock is 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.