Par Pacific Holdings, Inc. (NYSE:PARR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.68.

Several analysts recently weighed in on PARR shares. The Goldman Sachs Group raised shares of Par Pacific from a "neutral" rating to a "buy" rating and raised their target price for the company from $18.00 to $19.00 in a report on Thursday, March 27th. UBS Group decreased their price objective on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Raymond James began coverage on Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Finally, Piper Sandler dropped their price objective on Par Pacific from $25.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, March 7th.

Par Pacific Price Performance

Shares of PARR opened at $14.37 on Monday. The company has a market cap of $781.02 million, a P/E ratio of 2.78 and a beta of 1.64. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $32.74. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The firm's 50 day moving average price is $13.90 and its 200 day moving average price is $15.81.

Par Pacific (NYSE:PARR - Get Free Report) last posted 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 return on equity of 10.06% and a net margin of 3.74%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.68 billion. On average, research analysts forecast that Par Pacific will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Par Pacific by 232.5% during the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock worth $27,000 after buying an additional 1,167 shares in the last quarter. Sterling Capital Management LLC raised 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 acquiring an additional 1,528 shares in the last quarter. US Bancorp DE lifted its holdings in Par Pacific by 55.7% in the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after acquiring an additional 652 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Par Pacific by 37.7% during the 4th 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. Finally, Quadrant Capital Group LLC grew its stake in shares of Par Pacific by 123.1% during the 4th 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. 92.15% of the stock is owned by hedge funds and other institutional investors.

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.

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