Par Pacific Holdings, Inc. (NYSE:PARR) Short Interest Update

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,640,000 shares, an increase of 28.9% from the February 13th total of 3,600,000 shares. Currently, 8.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 4.0 days.

Wall Street Analyst Weigh In

PARR has been the topic of several recent research reports. TD Cowen lowered their price objective on Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Raymond James initiated coverage on Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective on the stock. StockNews.com lowered Par Pacific from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. The Goldman Sachs Group lowered their price objective on Par Pacific from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho lowered Par Pacific from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.57.

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Hedge Funds Weigh In On Par Pacific

A number of hedge funds have recently modified their holdings of the business. Walleye Capital LLC boosted its holdings in Par Pacific by 1,014.3% during the 3rd quarter. Walleye Capital LLC now owns 273,868 shares of the company's stock valued at $4,820,000 after acquiring an additional 249,290 shares during the period. State Street Corp boosted its holdings in Par Pacific by 10.5% during the 3rd quarter. State Street Corp now owns 3,461,282 shares of the company's stock valued at $60,919,000 after acquiring an additional 328,325 shares during the period. Sanctuary Advisors LLC boosted its holdings in Par Pacific by 126.2% during the 4th quarter. Sanctuary Advisors LLC now owns 49,256 shares of the company's stock valued at $843,000 after acquiring an additional 27,480 shares during the period. Algert Global LLC boosted its holdings in Par Pacific by 63.8% during the 3rd quarter. Algert Global LLC now owns 303,970 shares of the company's stock valued at $5,350,000 after acquiring an additional 118,393 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Par Pacific by 7.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 127,732 shares of the company's stock valued at $2,248,000 after acquiring an additional 8,844 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Par Pacific Price Performance

NYSE PARR traded down $0.47 during mid-day trading on Friday, hitting $14.31. The stock had a trading volume of 464,776 shares, compared to its average volume of 954,030. Par Pacific has a twelve month low of $11.86 and a twelve month high of $40.20. The stock has a market capitalization of $783.44 million, a price-to-earnings ratio of 2.77 and a beta of 2.01. The firm's 50 day moving average is $15.82 and its 200 day moving average is $16.84. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

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

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.