Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) have been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $21.50.
PARR has been the topic of several research analyst reports. Zacks Investment Research cut Par Pacific from a “hold” rating to a “strong sell” rating in a report on Friday, December 29th. BidaskClub cut shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Mizuho restated a “buy” rating and issued a $23.00 price objective on shares of Par Pacific in a research note on Friday, October 27th. Cowen restated a “buy” rating and issued a $20.00 price objective on shares of Par Pacific in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Par Pacific from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd.
Par Pacific (PARR) traded down $0.03 during midday trading on Friday, reaching $18.25. The company had a trading volume of 64,976 shares, compared to its average volume of 250,430. The stock has a market cap of $892.23, a price-to-earnings ratio of 12.03 and a beta of 0.38. Par Pacific has a twelve month low of $14.05 and a twelve month high of $21.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 0.35.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings data on Monday, November 6th. The oil and gas company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. The firm had revenue of $610.51 million for the quarter, compared to analyst estimates of $655.80 million. Par Pacific had a return on equity of 17.03% and a net margin of 2.87%. research analysts anticipate that Par Pacific will post 1.33 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in PARR. Strs Ohio boosted its stake in shares of Par Pacific by 8.8% in the fourth quarter. Strs Ohio now owns 38,200 shares of the oil and gas company’s stock worth $736,000 after acquiring an additional 3,100 shares during the period. Nisa Investment Advisors LLC increased its holdings in Par Pacific by 67.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 18,600 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 7,500 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Par Pacific in the fourth quarter valued at $208,000. Cubist Systematic Strategies LLC purchased a new position in Par Pacific in the third quarter valued at $254,000. Finally, Jane Street Group LLC purchased a new position in Par Pacific in the third quarter valued at $272,000. Institutional investors and hedge funds own 83.57% of the company’s stock.
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About Par Pacific
Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
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