Par Pacific (NYSE:PARR) Sets New 1-Year Low on Analyst Downgrade

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) shares hit a new 52-week low on Thursday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $13.46 and last traded at $13.50, with a volume of 119918 shares traded. The stock had previously closed at $13.94.

PARR has been the topic of a number of other research reports. Raymond James assumed coverage on shares of Par Pacific in a research report on Friday, January 24th. They set an "outperform" rating and a $25.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Mizuho lowered Par Pacific from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. The Goldman Sachs Group lowered their target price on shares of Par Pacific from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, TD Cowen decreased their price objective on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Par Pacific presently has an average rating of "Hold" and a consensus target price of $22.86.

Insiders Place Their Bets

In other Par Pacific news, Director William Pate sold 67,700 shares of the company's stock in a transaction 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 completion of the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PARR. GAMMA Investing LLC grew its stake in Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company's stock valued at $27,000 after purchasing 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 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock valued at $28,000 after buying an additional 1,528 shares in the last quarter. US Bancorp DE grew its position in shares of Par Pacific by 55.7% in the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after buying an additional 652 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 acquiring an additional 700 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position 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 acquiring an additional 1,784 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Par Pacific Price Performance

The stock's 50-day moving average is $16.65 and its 200 day moving average is $17.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market cap of $740.80 million, a PE ratio of 2.57 and a beta of 1.99.

Par Pacific (NYSE:PARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.68 billion. On average, equities analysts anticipate that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

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.