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

Par Pacific Holdings, Inc. (NYSE:PARR) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $28.00.

PARR has been the subject of several recent research reports. TD Cowen decreased their target price on shares of Par Pacific from $36.00 to $32.00 and set a “buy” rating for the company in a research 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 on the stock in a report on Monday, August 19th. The Goldman Sachs Group cut their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Wednesday, October 2nd. Finally, Piper Sandler cut shares of Par Pacific from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $23.00 in a report on Friday, September 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PARR. Millennium Management LLC lifted its stake in shares of Par Pacific by 48.4% during the 2nd quarter. Millennium Management LLC now owns 1,952,754 shares of the company’s stock valued at $49,307,000 after buying an additional 636,908 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Par Pacific by 160.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 513,254 shares of the company’s stock valued at $9,033,000 after purchasing an additional 315,967 shares in the last quarter. Thomist Capital Management LP boosted its stake in shares of Par Pacific by 50.0% in the 2nd quarter. Thomist Capital Management LP now owns 559,277 shares of the company’s stock valued at $13,095,000 after purchasing an additional 186,411 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Par Pacific by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 1,435,794 shares of the company’s stock valued at $36,254,000 after purchasing an additional 175,331 shares in the last quarter. Finally, Yaupon Capital Management LP boosted its stake in shares of Par Pacific by 31.8% in the 1st quarter. Yaupon Capital Management LP now owns 520,621 shares of the company’s stock valued at $19,294,000 after purchasing an additional 125,747 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Par Pacific Trading Up 1.4 %

NYSE:PARR opened at $16.14 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 0.59. The firm has a 50-day moving average of $18.01 and a 200-day moving average of $22.94. The company has a market cap of $909.17 million, a PE ratio of 3.13 and a beta of 1.99. Par Pacific has a one year low of $14.84 and a one year high of $40.69.

Par Pacific (NYSE:PARR) last posted its earnings results on Monday, November 4th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $3.15 earnings per share. As a group, equities research analysts expect that Par Pacific will post 0.95 EPS for the current fiscal 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.