Par Pacific Holdings, Inc. (NYSE:PARR) Given Average Recommendation of "Moderate Buy" by Analysts

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $22.71.

Several equities analysts recently issued reports on PARR shares. StockNews.com downgraded shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. TD Cowen cut their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their target price on Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group raised Par Pacific from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $18.00 to $19.00 in a research note on Thursday, March 27th. Finally, Mizuho downgraded Par Pacific from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $26.00 to $22.00 in a report on Monday, December 16th.

Par Pacific Trading Up 7.0 %

Shares of NYSE PARR traded up $0.90 during trading on Thursday, hitting $13.82. 2,803,369 shares of the company were exchanged, compared to its average volume of 1,041,941. The firm has a market capitalization of $756.62 million, a PE ratio of 2.68 and a beta of 1.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific has a 12-month low of $11.86 and a 12-month high of $39.55. The company has a fifty day moving average price of $14.94 and a 200-day moving average price of $16.32.

Par Pacific (NYSE:PARR - Get Free Report) last announced its quarterly earnings data 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). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.68 billion. As a group, equities research analysts expect that Par Pacific will post 0.15 EPS for the current year.

Institutional Trading of Par Pacific

A number of hedge funds and other institutional investors have recently modified their holdings of PARR. GAMMA Investing LLC grew its stake in Par Pacific by 232.5% during the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after purchasing an additional 1,167 shares during the period. Sterling Capital Management LLC increased its position in Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after buying an additional 1,528 shares during the last quarter. US Bancorp DE lifted its stake 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 valued at $30,000 after buying an additional 652 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock valued at $42,000 after buying an additional 700 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after purchasing an additional 1,784 shares during the period. Institutional investors 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.