Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.83.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an “average” rating and set a $48.00 price target on shares of in a research report on Monday, June 10th. Oppenheimer set a $23.00 price target on Par Pacific and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, Goldman Sachs Group increased their price target on MEG Energy from C$6.00 to C$7.00 in a research report on Tuesday, April 16th.
A number of institutional investors and hedge funds have recently made changes to their positions in PARR. BlackRock Inc. grew its position in shares of Par Pacific by 1.7% during the 4th quarter. BlackRock Inc. now owns 4,623,320 shares of the oil and gas company’s stock valued at $65,558,000 after acquiring an additional 76,848 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in Par Pacific by 45.2% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 657,848 shares of the oil and gas company’s stock worth $11,716,000 after buying an additional 204,729 shares during the last quarter. AJO LP boosted its holdings in Par Pacific by 97.0% in the 1st quarter. AJO LP now owns 388,543 shares of the oil and gas company’s stock worth $6,920,000 after buying an additional 191,313 shares during the last quarter. AltraVue Capital LLC boosted its holdings in Par Pacific by 2.0% in the 1st quarter. AltraVue Capital LLC now owns 311,113 shares of the oil and gas company’s stock worth $5,541,000 after buying an additional 6,040 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Par Pacific by 11.9% in the 4th quarter. Geode Capital Management LLC now owns 306,610 shares of the oil and gas company’s stock worth $4,347,000 after buying an additional 32,543 shares during the last quarter. 83.57% of the stock is currently owned by institutional investors.
Par Pacific (NYSEAMERICAN:PARR) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.09. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.13 billion.
Par Pacific Company Profile
Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
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