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

Par Pacific Holdings, Inc. (NYSE:PARR) has received a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several equities research analysts have weighed in on the stock. UBS Group dropped 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 report on Monday, August 19th. Tudor, Pickering, Holt & Co. cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. raised shares of Par Pacific from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $36.00 to $30.00 in a research report on Wednesday, October 2nd. StockNews.com cut shares of Par Pacific from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th.

Institutional Trading of Par Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its stake in Par Pacific by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,537 shares of the company’s stock valued at $721,000 after purchasing an additional 563 shares in the last quarter. Simplicity Wealth LLC increased its stake in Par Pacific by 5.1% during the 2nd quarter. Simplicity Wealth LLC now owns 13,949 shares of the company’s stock valued at $352,000 after purchasing an additional 677 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Par Pacific by 1.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,892 shares of the company’s stock valued at $1,108,000 after purchasing an additional 703 shares in the last quarter. ProShare Advisors LLC increased its stake in Par Pacific by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,154 shares of the company’s stock valued at $413,000 after purchasing an additional 768 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Par Pacific by 215.1% in the second quarter. Headlands Technologies LLC now owns 1,166 shares of the company’s stock worth $29,000 after acquiring an additional 796 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Trading Up 1.4 %

Shares of PARR opened at $16.14 on Monday. The stock has a market capitalization of $909.17 million, a P/E ratio of 3.13 and a beta of 1.99. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $18.01 and a two-hundred day simple moving average of $22.94. Par Pacific has a twelve month low of $14.84 and a twelve month high of $40.69.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 9.96%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.15 EPS. On average, research analysts anticipate that Par Pacific will post 0.95 EPS for the current year.

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.