Par Pacific (NYSE:PARR) Stock Price Up 6.9% - Still a Buy?

Par Pacific Holdings, Inc. (NYSE:PARR - Get Free Report) shares shot up 6.9% on Monday . The company traded as high as $17.53 and last traded at $17.54. 248,970 shares changed hands during trading, a decline of 70% from the average session volume of 826,487 shares. The stock had previously closed at $16.41.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PARR. The Goldman Sachs Group cut their price target on Par Pacific from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Raymond James assumed coverage on Par Pacific in a report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Par Pacific from $27.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. StockNews.com upgraded shares of Par Pacific from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Mizuho cut shares of Par Pacific from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $26.00 to $22.00 in a report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.29.

Par Pacific Stock Performance

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 50 day moving average is $16.79 and its 200-day moving average is $18.37. The firm has a market cap of $883.00 million, a price-to-earnings ratio of 3.06 and a beta of 1.99.

Insider Activity at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares of the company's stock, valued at $8,509,174.20. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a legal 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

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE raised its position in shares of 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 last quarter. Nisa Investment Advisors LLC raised its position in shares of 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 last quarter. State of Alaska Department of Revenue raised its position in shares of Par Pacific by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company's stock valued at $565,000 after buying an additional 810 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Par Pacific by 1.9% during the third quarter. Martingale Asset Management L P now owns 48,221 shares of the company's stock valued at $849,000 after buying an additional 921 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Par Pacific by 4.6% during the fourth quarter. Inspire Investing LLC now owns 24,201 shares of the company's stock valued at $397,000 after buying an additional 1,066 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

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.