Par Pacific (NYSE:PARR) Hits New 1-Year Low - What's Next?

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $16.62 and last traded at $16.62, with a volume of 189684 shares trading hands. The stock had previously closed at $17.50.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Tudor, Pickering, Holt & Co. downgraded Par Pacific from a "buy" rating to a "hold" rating in a research report on Monday, September 9th. UBS Group lowered their price target on Par Pacific from $40.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, August 19th. Mizuho lowered their price target on Par Pacific from $28.00 to $26.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised Par Pacific from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Finally, Tudor Pickering raised Par Pacific to a "hold" rating in a research note on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $28.00.

Par Pacific Stock Down 5.6 %

The stock has a 50 day moving average price of $19.66 and a 200-day moving average price of $24.55. The stock has a market capitalization of $930.29 million, a P/E ratio of 2.11 and a beta of 1.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 0.59.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.36. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.82 billion. Par Pacific had a return on equity of 26.40% and a net margin of 5.43%. Par Pacific's quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. As a group, research analysts expect that Par Pacific Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Par Pacific

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in Par Pacific by 17.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,920 shares of the company's stock valued at $252,000 after acquiring an additional 1,024 shares in the last quarter. Hennessy Advisors Inc. boosted its position in Par Pacific by 18.7% during the 1st quarter. Hennessy Advisors Inc. now owns 853,000 shares of the company's stock valued at $31,612,000 after acquiring an additional 134,600 shares in the last quarter. Oliver Luxxe Assets LLC bought a new stake in Par Pacific during the 1st quarter valued at approximately $530,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Par Pacific during the 1st quarter valued at approximately $341,000. Finally, Principal Financial Group Inc. boosted its position in Par Pacific by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 309,939 shares of the company's stock valued at $11,486,000 after acquiring an additional 1,673 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

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.