Par Pacific Holdings, Inc. (NYSE:PARR) Receives $51.00 Consensus Target Price from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.50.

Several brokerages have recently weighed in on PARR. Raymond James Financial increased their price target on Par Pacific from $50.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday. Piper Sandler set a $57.00 price objective on Par Pacific in a research report on Monday, January 12th. TD Cowen increased their target price on Par Pacific from $39.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Mizuho boosted their target price on shares of Par Pacific from $49.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, The Goldman Sachs Group upped their price target on shares of Par Pacific from $44.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th.

Insider Transactions at Par Pacific

In other Par Pacific news, CEO William Monteleone sold 108,948 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.06, for a total value of $5,889,728.88. Following the completion of the sale, the chief executive officer directly owned 457,167 shares of the company’s stock, valued at $24,714,448.02. The trade was a 19.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by company insiders.

Institutional Trading of Par Pacific

Several institutional investors and hedge funds have recently modified their holdings of PARR. Federated Hermes Inc. purchased a new stake in shares of Par Pacific during the 3rd quarter worth $44,000. Aster Capital Management DIFC Ltd purchased a new position in Par Pacific in the third quarter valued at about $48,000. Smartleaf Asset Management LLC grew its stake in Par Pacific by 81.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Par Pacific by 16.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,855 shares of the company’s stock worth $66,000 after purchasing an additional 259 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Par Pacific by 385.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock worth $69,000 after purchasing an additional 1,558 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Performance

Shares of NYSE:PARR opened at $61.21 on Thursday. The company has a current ratio of 1.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.54. Par Pacific has a 12 month low of $12.04 and a 12 month high of $63.68. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 8.40 and a beta of 1.17. The firm’s 50-day moving average is $44.47 and its 200 day moving average is $40.66.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.04). Par Pacific had a return on equity of 30.19% and a net margin of 4.95%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned ($0.79) EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts predict that Par Pacific will post 0.15 EPS for the current year.

About Par Pacific

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.