Par Pacific (NYSE:PARR) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Par Pacific (NYSE:PARR - Free Report) from a sell rating to a hold rating in a research note published on Thursday morning.

Several other equities research analysts have also issued reports on PARR. TD Cowen decreased their target price on Par Pacific from $36.00 to $32.00 and set a "buy" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Par Pacific from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $36.00 to $30.00 in a research report on Wednesday, October 2nd. UBS Group reduced their target price on shares of Par Pacific from $40.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, August 19th. Tudor, Pickering, Holt & Co. cut shares of Par Pacific from a "buy" rating to a "hold" rating in a report on Monday, September 9th. Finally, Mizuho reduced their price objective on Par Pacific from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $28.00.

Par Pacific Stock Up 1.0 %

Shares of PARR stock traded up $0.18 on Thursday, hitting $17.49. The stock had a trading volume of 1,003,358 shares, compared to its average volume of 910,633. 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 business has a 50 day moving average of $17.71 and a 200 day moving average of $22.68. Par Pacific has a 12-month low of $14.84 and a 12-month high of $40.69. The stock has a market cap of $978.60 million, a price-to-earnings ratio of 3.39 and a beta of 1.99.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The company's revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter last year, the business posted $3.15 EPS. As a group, analysts expect that Par Pacific will post 0.95 EPS for the current year.

Institutional Trading of Par Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its holdings in shares of Par Pacific by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company's stock valued at $721,000 after acquiring an additional 563 shares in the last quarter. Simplicity Wealth LLC lifted its position in Par Pacific by 5.1% during the second quarter. Simplicity Wealth LLC now owns 13,949 shares of the company's stock valued at $352,000 after purchasing an additional 677 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Par Pacific by 1.6% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company's stock worth $1,108,000 after buying an additional 703 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Par Pacific by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 11,154 shares of the company's stock worth $413,000 after buying an additional 768 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Par Pacific by 215.1% during the 2nd quarter. Headlands Technologies LLC now owns 1,166 shares of the company's stock valued at $29,000 after buying an additional 796 shares in the last quarter. Institutional investors 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.