Par Pacific Holdings, Inc. (NYSE:PARR) Receives $28.00 Consensus Target Price from Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research 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 updated their coverage on the stock in the last year is $28.00.

PARR has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Par Pacific from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $36.00 to $30.00 in a report on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. lowered shares of Par Pacific from a "buy" rating to a "hold" rating in a research note on Monday, September 9th. Tudor Pickering upgraded shares of Par Pacific to a "hold" rating in a report on Monday, September 9th. UBS Group decreased their price target on shares of Par Pacific from $40.00 to $29.00 and set a "neutral" rating for the company in a report on Monday, August 19th. Finally, The Goldman Sachs Group dropped their price objective on Par Pacific from $32.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th.

Hedge Funds Weigh In On Par Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its position in shares of Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company's stock worth $29,000 after buying an additional 796 shares during the period. Meeder Asset Management Inc. bought a new stake in Par Pacific during the 2nd quarter worth about $43,000. Quarry LP increased its position in Par Pacific by 610.5% in the 2nd quarter. Quarry LP now owns 2,359 shares of the company's stock valued at $60,000 after acquiring an additional 2,027 shares in the last quarter. nVerses Capital LLC raised its stake 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 worth $86,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Par Pacific in the second quarter worth about $104,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Stock Up 1.3 %

PARR stock traded up $0.21 during trading hours on Monday, hitting $15.82. The company's stock had a trading volume of 1,520,614 shares, compared to its average volume of 899,646. The stock has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $23.51. Par Pacific has a 12 month low of $15.31 and a 12 month high of $40.69. The company has a market capitalization of $891.14 million, a PE ratio of 2.05 and a beta of 1.99. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84.

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

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.