Analysts Set Par Pacific Holdings, Inc. (NYSE:PARR) PT at $28.00

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

A number of research analysts recently weighed in on PARR shares. Tudor, Pickering, Holt & Co. downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. TD Cowen decreased their price objective on Par Pacific from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, August 9th. UBS Group cut their price target on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Finally, Tudor Pickering upgraded Par Pacific to a “hold” rating in a research report on Monday, September 9th.

Hedge Funds Weigh In On Par Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its position in shares of Par Pacific by 5.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,137 shares of the company’s stock worth $1,818,000 after acquiring an additional 2,518 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Par Pacific by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,549 shares of the company’s stock worth $1,763,000 after purchasing an additional 1,935 shares during the period. Janus Henderson Group PLC raised its holdings in shares of 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 acquiring an additional 7,148 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Par Pacific by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 197,287 shares of the company’s stock valued at $4,981,000 after purchasing an additional 144,449 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Par Pacific by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock worth $1,108,000 after acquiring an additional 703 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Par Pacific Price Performance

Shares of NYSE PARR opened at $17.43 on Friday. The business’s fifty day moving average price is $17.30 and its two-hundred day moving average price is $21.58. Par Pacific has a 1-year low of $14.84 and a 1-year high of $40.69. The firm has a market capitalization of $975.24 million, a PE ratio of 3.38 and a beta of 1.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business posted $3.15 EPS. Par Pacific’s revenue was down 16.9% on a year-over-year basis. On average, research analysts expect that Par Pacific will post 0.95 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.