Par Pacific (NYSE:PARR) Sets New 52-Week Low – Time to Sell?

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) reached a new 52-week low on Tuesday . The company traded as low as $16.15 and last traded at $16.43, with a volume of 114833 shares. The stock had previously closed at $17.10.

Wall Street Analyst Weigh In

PARR has been the subject of several recent research reports. UBS Group cut their price target on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Tudor Pickering upgraded Par Pacific to a “hold” rating in a research note on Monday, September 9th. Mizuho decreased their price target on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Tudor, Pickering, Holt & Co. cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.00.

Par Pacific Price Performance

The company’s 50 day moving average price is $19.13 and its 200 day moving average price is $24.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.59 and a current ratio of 1.63. The company has a market cap of $907.49 million, a price-to-earnings ratio of 2.04 and a beta of 1.98.

Par Pacific (NYSE:PARR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.36. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 earnings per share. On average, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Par Pacific

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake 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 worth $565,000 after buying an additional 810 shares during the last quarter. Private Advisor Group LLC grew its holdings in Par Pacific by 60.4% during the 3rd quarter. Private Advisor Group LLC now owns 21,213 shares of the company’s stock worth $373,000 after acquiring an additional 7,987 shares during the period. Creative Planning raised its position in shares of Par Pacific by 246.2% during the 3rd quarter. Creative Planning now owns 33,014 shares of the company’s stock valued at $581,000 after acquiring an additional 23,478 shares during the last quarter. Simplicity Wealth LLC lifted its stake in shares of Par Pacific by 6.6% in the 3rd quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock valued at $262,000 after purchasing an additional 923 shares during the period. Finally, Quarry LP boosted its position in shares of Par Pacific by 610.5% in the 2nd quarter. Quarry LP now owns 2,359 shares of the company’s stock worth $60,000 after purchasing an additional 2,027 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

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.