Par Pacific Holdings, Inc. (NYSE:PARR) Short Interest Update

Par Pacific Holdings, Inc. (NYSE:PARR) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 4,640,000 shares, an increase of 28.9% from the February 13th total of 3,600,000 shares. Currently, 8.9% of the shares of the company are short sold. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 4.0 days.

Par Pacific Price Performance

PARR stock opened at $14.41 on Wednesday. The company has a market capitalization of $788.86 million, a P/E ratio of 2.79 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 has a 52-week low of $11.86 and a 52-week high of $40.20. The company has a fifty day moving average price of $15.91 and a 200-day moving average price of $16.87.

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

Analysts Set New Price Targets

Several brokerages have weighed in on PARR. TD Cowen dropped their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut their target price on Par Pacific from $25.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Mizuho downgraded 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 note on Monday, December 16th. Finally, The Goldman Sachs Group reduced their price target on shares of Par Pacific from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.57.

Institutional Trading of Par Pacific

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of 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 period. Nisa Investment Advisors LLC raised its stake in Par Pacific by 37.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock worth $42,000 after buying an additional 700 shares during the period. Martingale Asset Management L P increased its holdings in shares of Par Pacific by 1.9% during the third quarter. Martingale Asset Management L P now owns 48,221 shares of the company’s stock valued at $849,000 after acquiring an additional 921 shares in the last quarter. Inspire Investing LLC raised its holdings in Par Pacific by 4.6% during the fourth quarter. Inspire Investing LLC now owns 24,201 shares of the company’s stock worth $397,000 after buying an additional 1,066 shares during the last quarter. Finally, Mariner LLC increased its position in shares of Par Pacific by 7.7% during the fourth quarter. Mariner LLC now owns 15,136 shares of the company’s stock worth $248,000 after acquiring an additional 1,086 shares in the last quarter. 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.