Short Interest in Par Pacific Holdings, Inc. (NYSE:PARR) Increases By 33.8%

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 6,210,000 shares, a growth of 33.8% from the February 28th total of 4,640,000 shares. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is currently 4.8 days. Currently, 12.0% of the company's shares are sold short.

Institutional Investors Weigh In On Par Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock valued at $27,000 after acquiring an additional 1,167 shares in the last quarter. Sterling Capital Management LLC grew its stake in Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after purchasing an additional 1,528 shares in the last quarter. US Bancorp DE grew its stake 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 purchasing 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 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 during the last quarter. Finally, Quadrant Capital Group LLC raised 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 in the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Stock Down 2.9 %

Par Pacific stock traded down $0.39 during midday trading on Friday, reaching $12.89. The stock had a trading volume of 2,264,813 shares, compared to its average volume of 1,032,927. Par Pacific has a 1-year low of $11.86 and a 1-year high of $40.20. 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 firm's fifty day simple moving average is $15.01 and its 200-day simple moving average is $16.41. The stock has a market capitalization of $705.70 million, a P/E ratio of 2.50 and a beta of 1.64.

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 (EPS) 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 business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.68 billion. As a group, analysts expect that Par Pacific will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

PARR has been the topic of a number of recent analyst reports. TD Cowen reduced their price target 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. The Goldman Sachs Group upgraded Par Pacific from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. Mizuho downgraded Par Pacific from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $26.00 to $22.00 in a report on Monday, December 16th. StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, Piper Sandler decreased their price objective on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Par Pacific currently has an average rating of "Hold" and an average price target of $22.71.

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.