Par Pacific Holdings, Inc. (NYSE:PARR) Receives $25.83 Average PT from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has received a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.83.

A number of analysts have recently weighed in on the stock. Mizuho lowered shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. StockNews.com upgraded Par Pacific from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lowered their price target on Par Pacific from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut their price objective on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th.

Par Pacific Stock Up 1.7 %

PARR opened at $18.12 on Friday. The stock’s 50 day moving average price is $16.83 and its 200 day moving average price is $19.29. 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 stock has a market cap of $1.01 billion, a P/E ratio of 3.51 and a beta of 2.00. Par Pacific has a 12 month low of $14.84 and a 12 month high of $40.69.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period last year, the company earned $3.15 earnings per share. As a group, research analysts predict that Par Pacific will post 1.12 earnings per share for the current year.

Insider Transactions at Par Pacific

In other Par Pacific news, Director William Pate sold 67,700 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares of the company’s stock, valued at $8,509,174.20. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Par Pacific

Several large investors have recently made changes to their positions in PARR. GAMMA Investing LLC boosted its holdings in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after purchasing an additional 1,167 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after buying an additional 700 shares during the period. Quarry LP lifted its stake in shares of Par Pacific by 610.5% in the second quarter. Quarry LP now owns 2,359 shares of the company’s stock valued at $60,000 after buying an additional 2,027 shares during the period. FMR LLC grew its position in Par Pacific by 126.7% during the third quarter. FMR LLC now owns 8,634 shares of the company’s stock worth $152,000 after buying an additional 4,826 shares in the last quarter. Finally, MQS Management LLC bought a new position in Par Pacific during the third quarter valued at about $185,000. Institutional investors and hedge funds 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.