Par Pacific (NYSE:PARR) Trading 3.9% Higher – Should You Buy?

Par Pacific Holdings, Inc. (NYSE:PARR)’s stock price shot up 3.9% on Wednesday . The stock traded as high as $14.38 and last traded at $14.44. 61,606 shares were traded during trading, a decline of 95% from the average session volume of 1,288,939 shares. The stock had previously closed at $13.89.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James started coverage on Par Pacific in a report on Friday, January 24th. They issued an “outperform” rating and a $25.00 price objective on the stock. TD Cowen decreased their price target on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Piper Sandler decreased their target price on shares of Par Pacific from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Mizuho downgraded shares of Par Pacific from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $22.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Par Pacific has an average rating of “Hold” and a consensus price target of $22.57.

Par Pacific Trading Up 2.3 %

The firm’s fifty day simple moving average is $15.60 and its 200 day simple moving average is $16.63. The stock has a market capitalization of $778.08 million, a P/E ratio of 2.75 and a beta of 2.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.64). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.68 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. As a group, equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of Par Pacific

Several institutional investors and hedge funds have recently modified their holdings of PARR. GAMMA Investing LLC lifted its holdings in shares of Par Pacific by 232.5% in the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock worth $27,000 after acquiring an additional 1,167 shares during the last quarter. Sterling Capital Management LLC increased its position in Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock worth $28,000 after purchasing an additional 1,528 shares in the last quarter. US Bancorp DE lifted its stake in 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 purchasing an additional 652 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in 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 in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of 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 buying an additional 1,784 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

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.