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

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $41.5714.

A number of research analysts have weighed in on the company. Zacks Research raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group increased their target price on Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Tudor Pickering upgraded Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Tudor, Pickering, Holt & Co. upgraded shares of Par Pacific from a “hold” rating to a “buy” rating in a report on Thursday, November 6th. Finally, UBS Group raised their target price on shares of Par Pacific from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 99,284 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $43.15, for a total transaction of $4,284,104.60. Following the completion of the sale, the chief executive officer owned 423,022 shares of the company’s stock, valued at approximately $18,253,399.30. The trade was a 19.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Clossey sold 2,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $33.37, for a total value of $66,740.00. Following the sale, the director owned 84,000 shares of the company’s stock, valued at $2,803,080. This represents a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,132 shares of company stock worth $5,004,099 in the last quarter. 4.40% of the stock is owned by insiders.

Institutional Trading of Par Pacific

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Par Pacific by 175.9% in the second quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock valued at $31,000 after buying an additional 753 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Par Pacific in the first quarter worth $35,000. Parallel Advisors LLC raised its stake in shares of Par Pacific by 232.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock valued at $35,000 after acquiring an additional 927 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Par Pacific by 157.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after acquiring an additional 976 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in Par Pacific during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Price Performance

Par Pacific stock opened at $43.11 on Tuesday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 9.08 and a beta of 1.25. Par Pacific has a 12-month low of $11.86 and a 12-month high of $48.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.51 and a quick ratio of 0.48. The firm’s 50-day moving average is $40.27 and its two-hundred day moving average is $33.64.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $3.97. Par Pacific had a net margin of 3.15% and a return on equity of 23.69%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities analysts predict that Par Pacific will post 0.15 earnings per share 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.