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

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have earned an average rating of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.57.

PARR has been the topic of a number of research analyst reports. Piper Sandler decreased their target price on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Raymond James began coverage on Par Pacific in a report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Mizuho downgraded shares of Par Pacific from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $26.00 to $22.00 in a research note on Monday, December 16th. Finally, StockNews.com cut shares of Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th.

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Par Pacific Price Performance

PARR traded up $0.32 during trading on Friday, reaching $13.13. 1,135,007 shares of the company traded hands, compared to its average volume of 952,249. Par Pacific has a 12-month low of $11.86 and a 12-month high of $40.20. The firm has a fifty day simple moving average of $16.20 and a 200 day simple moving average of $17.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The company has a market cap of $718.57 million, a P/E ratio of 2.54 and a beta of 2.01.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. On average, equities analysts forecast that Par Pacific will post 0.15 EPS for the current year.

Insider Activity

In other Par Pacific news, Director William Pate sold 67,700 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares in the company, valued at $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Par Pacific

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of 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 last quarter. Sterling Capital Management LLC increased its stake in Par Pacific by 821.5% in the 4th 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 period. US Bancorp DE lifted its holdings in 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 boosted its position in Par Pacific by 37.7% in the 4th 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 grew its stake in Par Pacific by 123.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after acquiring an additional 1,784 shares in the last quarter. 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.