Par Pacific (NYSE:PARR) Shares Up 5.7% - Should You Buy?

Shares of Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) traded up 5.7% on Wednesday . The company traded as high as $12.91 and last traded at $12.93. 126,563 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,358,380 shares. The stock had previously closed at $12.23.

Analyst Upgrades and Downgrades

Several research analysts have commented on PARR shares. JPMorgan Chase & Co. decreased their target price on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. 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. UBS Group reduced their price target on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research note on Wednesday. StockNews.com cut Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, TD Cowen lowered their price target 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $20.68.

Par Pacific Price Performance

The company has a market cap of $716.02 million, a price-to-earnings ratio of 2.55 and a beta of 1.64. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $14.07 and a 200 day moving average price of $15.98.

Par Pacific (NYSE:PARR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. As a group, research analysts expect that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Par Pacific

Large investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in Par Pacific by 43.4% during the 4th quarter. Millennium Management LLC now owns 1,936,798 shares of the company's stock worth $31,744,000 after purchasing an additional 586,003 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Par Pacific by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,283,303 shares of the company's stock valued at $22,591,000 after buying an additional 7,804 shares in the last quarter. Nuveen Asset Management LLC raised its position in Par Pacific by 9.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,029,798 shares of the company's stock valued at $16,878,000 after buying an additional 91,814 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Par Pacific by 22.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,220 shares of the company's stock worth $14,902,000 after acquiring an additional 167,594 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in Par Pacific by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 797,218 shares of the company's stock worth $13,066,000 after acquiring an additional 15,240 shares during the period. Institutional investors and hedge funds 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.