Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) traded down 3.7% on Wednesday . The stock traded as low as $20.95 and last traded at $21.05. 100,148 shares traded hands during trading, a decline of 91% from the average session volume of 1,145,238 shares. The stock had previously closed at $21.85.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Wednesday, May 28th. TD Cowen decreased their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Wall Street Zen lowered shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday. Mizuho lifted their price target on shares of Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Piper Sandler lifted their price target on shares of Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.25.
Get Our Latest Research Report on Par Pacific
Par Pacific Price Performance
The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The business's 50 day simple moving average is $16.89 and its 200-day simple moving average is $16.29. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.17 and a beta of 1.50.
Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Research analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.
Institutional Trading of Par Pacific
A number of hedge funds and other institutional investors have recently made changes to their positions in PARR. Empowered Funds LLC raised its position in shares of Par Pacific by 5.1% during the 4th quarter. Empowered Funds LLC now owns 313,768 shares of the company's stock worth $5,143,000 after buying an additional 15,240 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Par Pacific by 1.8% during the 4th quarter. New York State Teachers Retirement System now owns 98,391 shares of the company's stock worth $1,613,000 after buying an additional 1,700 shares in the last quarter. Rhumbline Advisers raised its position in shares of Par Pacific by 1.5% during the 4th quarter. Rhumbline Advisers now owns 181,940 shares of the company's stock worth $2,982,000 after buying an additional 2,709 shares in the last quarter. Allworth Financial LP raised its position in shares of Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after buying an additional 7,975 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Par Pacific by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 271,242 shares of the company's stock worth $4,446,000 after buying an additional 5,710 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.
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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