Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Rating of "Hold" by Brokerages

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.00.

PARR has been the topic of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Par Pacific from $32.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday. Piper Sandler lowered shares of Par Pacific from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $37.00 to $23.00 in a research note on Friday, September 20th. Tudor Pickering raised shares of Par Pacific to a "hold" rating in a research note on Monday, September 9th. Mizuho reduced their price objective on shares of Par Pacific from $28.00 to $26.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Par Pacific from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $36.00 to $30.00 in a research note on Wednesday, October 2nd.

Par Pacific Price Performance

PARR traded down $0.03 during midday trading on Thursday, hitting $17.85. The company had a trading volume of 1,010,873 shares, compared to its average volume of 898,703. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.59 and a current ratio of 1.63. The company has a market capitalization of $1.03 billion, a PE ratio of 2.23 and a beta of 1.98. Par Pacific has a twelve month low of $17.06 and a twelve month high of $40.69. The firm's 50-day simple moving average is $20.64 and its 200-day simple moving average is $25.84.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.36. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The company's quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.73 EPS. Equities research analysts predict that Par Pacific will post 1.34 EPS for the current fiscal year.

Institutional Trading of Par Pacific

Hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC raised its holdings in shares of Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company's stock valued at $29,000 after purchasing an additional 796 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Par Pacific in the second quarter valued at approximately $43,000. Quarry LP raised its holdings in shares of Par Pacific by 610.5% in the second quarter. Quarry LP now owns 2,359 shares of the company's stock valued at $60,000 after purchasing an additional 2,027 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of Par Pacific by 41.7% in the second quarter. nVerses Capital LLC now owns 3,400 shares of the company's stock valued at $86,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Par Pacific in the second quarter valued at approximately $104,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.