Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $81.5714.

PARR has been the subject of several research reports. Evercore raised shares of Par Pacific to an “outperform” rating in a report on Wednesday, May 27th. Raymond James Financial lifted their target price on Par Pacific from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Wall Street Zen raised Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. TD Cowen cut their price target on Par Pacific from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Mizuho lifted their price objective on Par Pacific from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th.

Par Pacific Trading Down 6.4%

Par Pacific stock opened at $72.20 on Friday. Par Pacific has a 1 year low of $27.84 and a 1 year high of $87.03. The firm’s 50 day moving average price is $68.63 and its 200-day moving average price is $59.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.84 and a quick ratio of 0.76. The stock has a market cap of $3.62 billion, a P/E ratio of 4.21 and a beta of 0.78.

Par Pacific (NYSE:PARR) last issued its earnings results on Tuesday, August 4th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $8.22 by $1.88. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.40 billion. Par Pacific had a net margin of 9.94% and a return on equity of 56.19%. Par Pacific’s revenue for the quarter was up 56.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.54 earnings per share. On average, equities analysts predict that Par Pacific will post 21.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Par Pacific

In related news, insider Danielle Mattiussi sold 3,278 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $67.29, for a total value of $220,576.62. Following the sale, the insider owned 27,878 shares in the company, valued at approximately $1,875,910.62. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Par Pacific

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Par Pacific by 23.9% during the 1st quarter. Royal Bank of Canada now owns 23,453 shares of the company’s stock valued at $334,000 after buying an additional 4,525 shares in the last quarter. AQR Capital Management LLC grew its position in Par Pacific by 118.2% in the first quarter. AQR Capital Management LLC now owns 164,358 shares of the company’s stock worth $2,344,000 after acquiring an additional 89,023 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Par Pacific by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,304 shares of the company’s stock worth $461,000 after acquiring an additional 1,427 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Par Pacific by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,241 shares of the company’s stock worth $2,085,000 after acquiring an additional 6,618 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Par Pacific by 352.7% during the first quarter. Jane Street Group LLC now owns 270,835 shares of the company’s stock valued at $3,862,000 after purchasing an additional 211,002 shares during the period. Institutional investors 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.