Raymond James Financial Issues Positive Forecast for Par Pacific (NYSE:PARR) Stock Price

Par Pacific (NYSE:PARR - Free Report) had its price objective upped by Raymond James Financial from $25.00 to $30.00 in a research note published on Monday morning,Benzinga reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on PARR. Wall Street Zen cut shares of Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, June 6th. The Goldman Sachs Group downgraded Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research note on Wednesday, May 28th. 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 report on Wednesday, April 16th. Mizuho boosted their target price on Par Pacific from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, Piper Sandler upped their target price on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a research 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.96.

Par Pacific Price Performance

Shares of PARR traded up $1.57 during mid-day trading on Monday, hitting $28.10. The company's stock had a trading volume of 962,298 shares, compared to its average volume of 1,195,113. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.56 and a quick ratio of 0.54. The firm has a 50-day moving average price of $20.85 and a 200 day moving average price of $17.27. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $28.67. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.85 and a beta of 1.68.

Par Pacific (NYSE:PARR - Get Free Report) last released 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). Par Pacific had a negative return on equity of 5.87% and a negative net margin of 0.77%. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the business earned $0.69 earnings per share. The business's revenue was down 11.9% on a year-over-year basis. On average, research analysts predict that Par Pacific will post 0.15 EPS for the current fiscal year.

Institutional Trading of Par Pacific

A number of large investors have recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in shares of Par Pacific by 821.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after purchasing an additional 1,528 shares during the period. US Bancorp DE raised its holdings 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 acquiring an additional 652 shares in the last quarter. Signaturefd LLC lifted its position in Par Pacific by 70.2% during the first quarter. Signaturefd LLC now owns 2,391 shares of the company's stock worth $34,000 after purchasing an additional 986 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Par Pacific in the first quarter valued at approximately $35,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after buying an additional 1,784 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

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.