Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR)’s share price hit a new 52-week high on Tuesday . The company traded as high as $21.91 and last traded at $21.76, with a volume of 113799 shares traded. The stock had previously closed at $21.76.
PARR has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “average” rating and set a $48.00 price target on shares of in a report on Monday, June 10th. Oppenheimer set a $23.00 price target on shares of Par Pacific and gave the stock a “buy” rating in a report on Friday, May 31st. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Goldman Sachs Group upped their price target on shares of MEG Energy from C$6.00 to C$7.00 in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.83.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.09. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.13 billion.
Large investors have recently modified their holdings of the stock. Flinton Capital Management LLC bought a new position in Par Pacific in the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC bought a new position in Par Pacific in the 1st quarter valued at approximately $49,000. Quantamental Technologies LLC bought a new position in Par Pacific in the 1st quarter valued at approximately $57,000. BNP Paribas Arbitrage SA lifted its stake in Par Pacific by 55,491.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,671 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 6,659 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Par Pacific by 10.7% in the 1st quarter. Mason Street Advisors LLC now owns 9,619 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 928 shares during the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.
About Par Pacific (NYSEAMERICAN:PARR)
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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