Analysts Set Par Pacific Holdings, Inc. (NYSE:PARR) PT at $25.83

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) has earned an average recommendation of "Hold" from the eight brokerages that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.83.

Several equities research analysts have recently commented on PARR shares. Mizuho lowered Par Pacific from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. The Goldman Sachs Group lowered their price objective on Par Pacific from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. decreased their target price on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com upgraded shares of Par Pacific from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Piper Sandler downgraded shares of Par Pacific from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $37.00 to $23.00 in a research report on Friday, September 20th.

Par Pacific Stock Performance

NYSE:PARR traded up $0.31 during mid-day trading on Friday, reaching $18.12. The company's stock had a trading volume of 916,408 shares, compared to its average volume of 883,929. The firm's fifty day moving average price is $16.83 and its two-hundred day moving average price is $19.38. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.01 billion, a P/E ratio of 3.51 and a beta of 2.00. Par Pacific has a 12-month low of $14.84 and a 12-month high of $40.69.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. Par Pacific's revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.15 earnings per share. On average, equities analysts forecast that Par Pacific will post 1.12 EPS for the current fiscal year.

Insider Transactions at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the company'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 sale, the director now directly owns 524,610 shares in the company, valued at $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.40% of the company's stock.

Institutional Trading of Par Pacific

A number of institutional investors have recently bought and sold shares of PARR. GAMMA Investing LLC grew its holdings in shares of Par Pacific by 232.5% in 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. Quarry LP boosted 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 period. Nisa Investment Advisors LLC grew its stake in Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company's stock worth $42,000 after purchasing an additional 700 shares in the last quarter. FMR LLC increased its holdings in Par Pacific by 126.7% during the 3rd quarter. FMR LLC now owns 8,634 shares of the company's stock worth $152,000 after purchasing an additional 4,826 shares during the period. Finally, MQS Management LLC bought a new stake in Par Pacific during the 3rd quarter valued at $185,000. 92.15% of the stock is currently owned by institutional investors.

About Par Pacific

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.