Par Pacific Holdings, Inc. (NYSE:PARR) Given Average Recommendation of “Moderate Buy” by Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.25.

Several research firms have recently commented on PARR. Mizuho raised their price target on Par Pacific from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Piper Sandler lifted their target price on Par Pacific from $21.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Wall Street Zen lowered Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. TD Cowen decreased their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They set an “outperform” rating and a $25.00 price target for the company.

Institutional Trading of Par Pacific

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in Par Pacific by 352.7% in the 1st quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after buying an additional 211,002 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Par Pacific by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock valued at $2,085,000 after purchasing an additional 6,618 shares during the period. Empowered Funds LLC increased its stake in shares of Par Pacific by 3.7% in the first quarter. Empowered Funds LLC now owns 325,394 shares of the company’s stock valued at $4,640,000 after purchasing an additional 11,626 shares during the period. Petrus Trust Company LTA acquired a new position in shares of Par Pacific during the first quarter valued at approximately $792,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Par Pacific by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock valued at $461,000 after acquiring an additional 1,427 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Stock Performance

Shares of PARR stock opened at $21.54 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of 4.17 and a beta of 1.50. The business’s 50 day moving average is $15.26 and its two-hundred day moving average is $15.91. Par Pacific has a 12-month low of $11.86 and a 12-month high of $28.15. 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) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The company had revenue of $1.75 billion during 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%. Par Pacific’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. Analysts expect that Par Pacific will post 0.15 EPS for the current fiscal year.

About Par Pacific

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.