Par Pacific Holdings, Inc. (NYSE:PARR) Stock Has Consensus Target Price of $84.29

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $85.14.

Several analysts recently issued reports on PARR shares. UBS Group reiterated a “neutral” rating on shares of Par Pacific in a report on Wednesday, August 26th. Mizuho set a $91.00 price target on Par Pacific and gave the company a “neutral” rating in a research report on Thursday. Zacks Research upgraded Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. Weiss Ratings upgraded Par Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating on shares of Par Pacific in a research report on Wednesday, July 8th.

Par Pacific Trading Down 0.0%

Shares of NYSE:PARR opened at $81.88 on Monday. The company’s 50-day moving average price is $80.02 and its two-hundred day moving average price is $68.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.84 and a quick ratio of 0.76. Par Pacific has a one year low of $33.21 and a one year high of $89.45. The stock has a market capitalization of $4.10 billion, a PE ratio of 4.78 and a beta of 0.75.

Par Pacific (NYSE:PARR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $8.22 by $1.88. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.40 billion. Par Pacific had a net margin of 9.94% and a return on equity of 56.19%. The company’s quarterly revenue was up 56.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. On average, equities analysts forecast that Par Pacific will post 23.74 EPS for the current fiscal year.

Insider Transactions at Par Pacific

In other news, Director Timothy Clossey sold 10,970 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $84.00, for a total value of $921,480.00. Following the completion of the sale, the director owned 51,526 shares of the company’s stock, valued at approximately $4,328,184. This represents a 17.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Monteleone sold 40,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $81.30, for a total transaction of $3,252,000.00. Following the completion of the transaction, the chief executive officer directly owned 457,167 shares of the company’s stock, valued at $37,167,677.10. This represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,248 shares of company stock worth $4,394,057 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Par Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Par Pacific by 1.7% in the third quarter. GAMMA Investing LLC now owns 15,254 shares of the company’s stock valued at $1,245,000 after acquiring an additional 255 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Par Pacific by 114.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,043 shares of the company’s stock valued at $248,000 after acquiring an additional 1,625 shares during the period. Tactive Advisors LLC bought a new position in shares of Par Pacific in the 3rd quarter valued at about $428,000. Engineers Gate Manager LP increased its stake in shares of Par Pacific by 93.1% during the 2nd quarter. Engineers Gate Manager LP now owns 111,477 shares of the company’s stock worth $6,252,000 after purchasing an additional 53,737 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Par Pacific during the 2nd quarter worth about $121,000. 92.15% of the stock is owned by institutional investors.

About Par Pacific

Par Pacific Holdings, Inc is an energy company engaged in refining, marketing and distributing transportation fuels and other petroleum products. Through its refining operations, the company produces gasoline, diesel, jet fuel, asphalt and other refined products for commercial, industrial and retail customers.

Par Pacific operates refineries and related energy infrastructure in the western United States, with a significant presence in Hawaii and additional refining and logistics operations in the Pacific Northwest and Rocky Mountain regions.