Par Pacific (NYSE:PARR) Trading 5.7% Higher - What's Next?

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) was up 5.7% during mid-day trading on Wednesday . The company traded as high as $12.91 and last traded at $12.93. Approximately 126,563 shares changed hands during trading, a decline of 91% from the average daily volume of 1,358,380 shares. The stock had previously closed at $12.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PARR shares. StockNews.com lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Piper Sandler reduced their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, UBS Group lowered their price target on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.68.

Par Pacific Price Performance

The company's 50-day moving average is $14.07 and its 200-day moving average is $15.96. The firm has a market cap of $726.67 million, a price-to-earnings ratio of 2.59 and a beta of 1.64. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Equities research 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 have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock valued at $27,000 after acquiring an additional 1,167 shares during the last quarter. Sterling Capital Management LLC boosted its position in Par Pacific by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after acquiring an additional 1,528 shares during the last quarter. US Bancorp DE grew its holdings 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 acquiring an additional 652 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Par Pacific by 37.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after acquiring an additional 700 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Par Pacific by 123.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock valued at $53,000 after purchasing an additional 1,784 shares during the period. Institutional investors own 92.15% of the company's stock.

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.