Par Pacific Holdings, Inc. (NYSE:PARR) Receives $79.43 Average PT from Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $81.5714.

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price target on Par Pacific from $77.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen increased their price objective on shares of Par Pacific from $78.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Guggenheim upgraded shares of Par Pacific to an “outperform” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Raymond James Financial upped their target price on shares of Par Pacific from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th.

Par Pacific Trading Down 0.1%

PARR stock opened at $77.35 on Wednesday. The business has a fifty day moving average price of $60.76 and a 200 day moving average price of $54.43. Par Pacific has a fifty-two week low of $26.83 and a fifty-two week high of $82.29. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 8.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.62 and a quick ratio of 0.60.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.22). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. Par Pacific had a net margin of 6.02% and a return on equity of 34.38%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.94) EPS. Analysts expect that Par Pacific will post 18.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in Par Pacific in the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC raised its position in shares of Par Pacific by 32.0% during the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock worth $45,000 after acquiring an additional 173 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Par Pacific by 81.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock worth $62,000 after acquiring an additional 1,048 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in shares of Par Pacific by 34.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock valued at $65,000 after acquiring an additional 478 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Par Pacific by 385.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock valued at $69,000 after acquiring an additional 1,558 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Company Profile

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.