Par Pacific Holdings, Inc. (NYSE:PARR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have received an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.83.

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

Par Pacific Trading Down 2.8 %

NYSE PARR opened at $17.11 on Friday. The firm’s 50-day moving average is $16.87 and its two-hundred day moving average is $19.18. Par Pacific has a 12 month low of $14.84 and a 12 month high of $40.69. 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 capitalization of $957.53 million, a P/E ratio of 3.32 and a beta of 2.00.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $2.14 billion for 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 10.06%. The business’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.15 earnings per share. On average, sell-side analysts anticipate that Par Pacific will post 0.14 earnings per share for the current year.

Insider Transactions at Par Pacific

In related news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the completion of the sale, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Institutional Trading of Par Pacific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PARR. Commonwealth Equity Services LLC purchased a new stake in Par Pacific during the 2nd quarter worth about $275,000. Massachusetts Financial Services Co. MA increased its position in Par Pacific by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 89,494 shares of the company’s stock worth $2,260,000 after purchasing an additional 3,005 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Par Pacific by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,136,956 shares of the company’s stock worth $53,956,000 after purchasing an additional 17,509 shares in the last quarter. Inspire Investing LLC grew its holdings in Par Pacific by 133.7% in the 2nd quarter. Inspire Investing LLC now owns 22,612 shares of the company’s stock valued at $571,000 after buying an additional 12,938 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Par Pacific by 54.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 49,500 shares of the company’s stock valued at $1,250,000 after buying an additional 17,400 shares during the period. Hedge funds and other institutional investors 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.