Par Pacific (NYSE:PARR) Reaches New 1-Year Low at $21.56

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.56 and last traded at $21.58, with a volume of 9943 shares trading hands. The stock had previously closed at $21.80.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. UBS Group reduced their price target on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Mizuho started coverage on shares of Par Pacific in a research note on Wednesday, July 17th. They set an “outperform” rating and a $33.00 price objective on the stock. TD Cowen reduced their price objective on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, The Goldman Sachs Group dropped their price target on shares of Par Pacific from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.17.

Par Pacific Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 0.59. The company has a market cap of $1.24 billion, a PE ratio of 2.73 and a beta of 2.00. The stock has a fifty day moving average price of $24.16 and a 200-day moving average price of $30.00.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.13 by $0.36. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $1.73 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, equities analysts expect that Par Pacific Holdings, Inc. will post 1.71 earnings per share for the current year.

Institutional Trading of Par Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in PARR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Par Pacific by 42.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,431 shares of the company’s stock valued at $454,000 after acquiring an additional 3,730 shares during the period. Yousif Capital Management LLC increased its position in shares of Par Pacific by 9.8% during the fourth quarter. Yousif Capital Management LLC now owns 30,476 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,712 shares during the period. Convergence Investment Partners LLC bought a new position in Par Pacific in the fourth quarter worth $334,000. SummerHaven Investment Management LLC lifted its position in Par Pacific by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 27,703 shares of the company’s stock worth $1,008,000 after purchasing an additional 324 shares during the period. Finally, Islay Capital Management LLC boosted its stake in Par Pacific by 28.7% during the fourth quarter. Islay Capital Management LLC now owns 28,400 shares of the company’s stock worth $1,033,000 after buying an additional 6,331 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.