Par Pacific (NYSE:PARR) Price Target Lowered to $14.75 at UBS Group

Par Pacific (NYSE:PARR - Free Report) had its price target reduced by UBS Group from $20.00 to $14.75 in a research report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on PARR. Piper Sandler dropped their price target on Par Pacific from $25.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group upgraded shares of Par Pacific from a "neutral" rating to a "buy" rating and increased their target price for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. Raymond James assumed coverage on shares of Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 target price for the company. StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, TD Cowen dropped their target price on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.68.

Par Pacific Price Performance

NYSE PARR traded up $0.60 during trading on Wednesday, reaching $13.17. The company's stock had a trading volume of 1,201,859 shares, compared to its average volume of 1,070,076. The firm has a fifty day moving average of $14.07 and a 200 day moving average of $15.98. Par Pacific has a one year low of $11.86 and a one year high of $33.08. The stock has a market capitalization of $716.02 million, a PE ratio of 2.55 and a beta of 1.64. 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 posted its quarterly earnings data 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). 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 the consensus estimate of $1.68 billion. Analysts expect that Par Pacific will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Par Pacific

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Par Pacific by 232.5% during the fourth 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 during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of 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 buying an additional 1,528 shares during the last quarter. US Bancorp DE grew its position in Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after buying an additional 652 shares during the period. Nisa Investment Advisors LLC grew its position in Par Pacific by 37.7% during the fourth 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 increased its holdings in Par Pacific by 123.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock valued at $53,000 after buying an additional 1,784 shares during 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.