Par Pacific Holdings, Inc. (NYSE:PARR) Receives $25.83 Consensus Price Target from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $25.83.

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

Insider Transactions at Par Pacific

In other news, Director William Pate sold 67,700 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were 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 of the company’s stock, valued at $8,509,174.20. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Par Pacific

A number of hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 700 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Par Pacific by 2.6% in the third quarter. State of Alaska Department of Revenue now owns 32,145 shares of the company’s stock valued at $565,000 after purchasing an additional 810 shares during the period. Martingale Asset Management L P grew its holdings in shares of Par Pacific by 1.9% in the third quarter. Martingale Asset Management L P now owns 48,221 shares of the company’s stock valued at $849,000 after purchasing an additional 921 shares during the period. Simplicity Wealth LLC grew its holdings in shares of Par Pacific by 6.6% in the third quarter. Simplicity Wealth LLC now owns 14,872 shares of the company’s stock valued at $262,000 after purchasing an additional 923 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of Par Pacific by 4.6% in the fourth quarter. Inspire Investing LLC now owns 24,201 shares of the company’s stock valued at $397,000 after purchasing an additional 1,066 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Stock Down 2.8 %

NYSE:PARR opened at $17.11 on Friday. Par Pacific has a fifty-two week low of $14.84 and a fifty-two week high of $40.69. The stock has a market capitalization of $957.53 million, a P/E ratio of 3.32 and a beta of 2.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. The company’s 50-day simple moving average is $16.87 and its 200-day simple moving average is $19.18.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $1.88 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. Par Pacific’s revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm posted $3.15 EPS. On average, equities analysts anticipate that Par Pacific will post 0.14 earnings per share 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.