Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “

PARR has been the subject of several other reports. Cowen and Company reissued a “buy” rating and set a $20.00 price objective on shares of Par Pacific Holdings in a report on Thursday, August 17th. Seaport Global Securities raised shares of Par Pacific Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $22.00 in a report on Monday, September 11th. ValuEngine raised shares of Par Pacific Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Mizuho reissued a “buy” rating and set a $23.00 price objective on shares of Par Pacific Holdings in a report on Friday, October 27th. Finally, BidaskClub lowered shares of Par Pacific Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.50.

Shares of Par Pacific Holdings (NYSEAMERICAN:PARR) opened at $18.97 on Tuesday. Par Pacific Holdings has a 52-week low of $12.96 and a 52-week high of $21.94. The stock has a market cap of $882.84, a price-to-earnings ratio of 13.30 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.09 and a debt-to-equity ratio of 0.71.

Par Pacific Holdings (NYSEAMERICAN:PARR) last released its quarterly earnings data on Monday, November 6th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The company had revenue of $610.51 million during the quarter, compared to analyst estimates of $655.80 million. Par Pacific Holdings had a net margin of 2.87% and a return on equity of 17.03%. research analysts forecast that Par Pacific Holdings will post 1.33 EPS for the current fiscal year.

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In related news, major shareholder Whitebox Advisors Llc sold 38,405 shares of Par Pacific Holdings stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $20.53, for a total value of $788,454.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 3,127,770 shares of company stock worth $61,941,485. Insiders own 2.80% of the company’s stock.

Par Pacific Holdings Company Profile

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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