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

by · The Cerbat Gem

Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.25.

Several equities research analysts recently weighed in on PARR shares. UBS Group cut their target price on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. The Goldman Sachs Group lowered Par Pacific from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, May 28th. TD Cowen decreased their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Mizuho boosted their target price on Par Pacific from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th.

View Our Latest Research Report on PARR

Par Pacific Price Performance

PARR stock opened at $27.83 on Tuesday. The business’s fifty day moving average price is $19.20 and its 200 day moving average price is $16.84. Par Pacific has a 12-month low of $11.86 and a 12-month high of $28.30. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.44 billion, a PE ratio of -24.63 and a beta of 1.68.

Par Pacific (NYSE:PARR – Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.49 billion. Par Pacific had a negative net margin of 0.77% and a negative return on equity of 5.87%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, sell-side analysts anticipate that Par Pacific will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Par Pacific

Institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock valued at $28,000 after buying an additional 1,528 shares in the last quarter. US Bancorp DE increased its holdings in shares of Par Pacific by 55.7% in the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after acquiring an additional 652 shares during the last quarter. Signaturefd LLC raised its position in shares of Par Pacific by 70.2% during the 1st quarter. Signaturefd LLC now owns 2,391 shares of the company’s stock worth $34,000 after acquiring an additional 986 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Par Pacific during the 1st quarter worth about $35,000. Finally, Quadrant Capital Group LLC lifted its stake in Par Pacific by 123.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company’s stock worth $53,000 after purchasing an additional 1,784 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Par Pacific Company Profile

(Get Free Report

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.

Further Reading