Par Pacific Holdings, Inc. (NYSE:PARR) Given Average Recommendation of “Hold” by Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.20.

A number of equities research analysts have commented on PARR shares. TD Cowen decreased their price objective on Par Pacific from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Piper Sandler decreased their target price on shares of Par Pacific from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. JPMorgan Chase & Co. lowered their price target on Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th.

Institutional Trading of Par Pacific

Hedge funds have recently modified their holdings of the company. Yaupon Capital Management LP raised its stake in shares of Par Pacific by 31.8% in the first quarter. Yaupon Capital Management LP now owns 520,621 shares of the company’s stock valued at $19,294,000 after purchasing an additional 125,747 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Par Pacific by 24.2% in the 1st quarter. Janus Henderson Group PLC now owns 36,692 shares of the company’s stock valued at $1,358,000 after buying an additional 7,148 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Par Pacific by 2.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 647,880 shares of the company’s stock valued at $24,010,000 after buying an additional 16,653 shares in the last quarter. Caxton Associates LP raised its position in Par Pacific by 4.6% in the first quarter. Caxton Associates LP now owns 31,065 shares of the company’s stock worth $1,151,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Par Pacific by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 47,549 shares of the company’s stock valued at $1,763,000 after purchasing an additional 1,935 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Par Pacific Price Performance

NYSE PARR traded up $0.57 on Tuesday, reaching $25.87. The company’s stock had a trading volume of 468,461 shares, compared to its average volume of 826,425. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.50 and a current ratio of 1.28. The stock has a market cap of $1.50 billion, a PE ratio of 3.24 and a beta of 2.01. Par Pacific has a twelve month low of $23.78 and a twelve month high of $40.69. The firm’s 50 day moving average is $27.47 and its two-hundred day moving average is $33.23.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Par Pacific had a net margin of 5.71% and a return on equity of 35.02%. As a group, sell-side analysts predict that Par Pacific will post 2.92 EPS for the current 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.