Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Rating of “Hold” by Brokerages

Par Pacific Holdings, Inc. (NYSE:PARR) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.54.

Several research analysts have recently weighed in on PARR shares. Raymond James Financial increased their price objective on shares of Par Pacific from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, June 30th. Piper Sandler raised their price target on shares of Par Pacific from $26.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday. Mizuho raised their price target on shares of Par Pacific from $21.00 to $34.00 and gave the company a “neutral” rating in a report on Friday. UBS Group cut their price target on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Wall Street Zen lowered shares of Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, June 6th.

Institutional Trading of Par Pacific

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Par Pacific by 175.9% during the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock worth $31,000 after buying an additional 753 shares in the last quarter. Parallel Advisors LLC lifted its stake in Par Pacific by 232.9% during the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock worth $35,000 after purchasing an additional 927 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Par Pacific by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock worth $28,000 after purchasing an additional 1,528 shares during the last quarter. US Bancorp DE lifted its stake in Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company’s stock worth $30,000 after purchasing an additional 652 shares during the last quarter. Finally, Signaturefd LLC lifted its stake 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 last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Price Performance

NYSE:PARR opened at $35.01 on Friday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -30.98 and a beta of 1.73. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average is $23.98 and its two-hundred day moving average is $18.25. Par Pacific has a 12-month low of $11.86 and a 12-month high of $35.32.

Par Pacific (NYSE:PARR) last released 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 during the quarter, compared to analysts’ expectations of $1.49 billion. Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. Par Pacific’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. Research analysts expect that Par Pacific will post 0.15 EPS for the current year.

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.