Brokerages Set Par Pacific Holdings, Inc. (NYSE:PARR) PT at $22.57

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.57.

PARR has been the subject of several research reports. TD Cowen reduced their price target on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Piper Sandler reduced their price target on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Raymond James began coverage on Par Pacific in a report on Friday, January 24th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on Par Pacific from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, February 27th.

Par Pacific Trading Up 0.0 %

Shares of PARR stock opened at $12.90 on Friday. The stock has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $17.10. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $40.20. The stock has a market capitalization of $705.98 million, a P/E ratio of 2.50 and a beta of 2.01. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. On average, sell-side analysts expect that Par Pacific will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its position in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock worth $30,000 after purchasing an additional 652 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock worth $42,000 after purchasing an additional 700 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of Par Pacific by 1.9% during the 3rd quarter. Martingale Asset Management L P now owns 48,221 shares of the company’s stock worth $849,000 after acquiring an additional 921 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Par Pacific by 4.6% during the 4th quarter. Inspire Investing LLC now owns 24,201 shares of the company’s stock worth $397,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of Par Pacific by 7.7% during the 4th quarter. Mariner LLC now owns 15,136 shares of the company’s stock worth $248,000 after acquiring an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Company Profile

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.