Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) – Analysts at Seaport Global Securities lifted their Q4 2018 earnings per share estimates for shares of Par Pacific in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison now anticipates that the oil and gas company will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.35. Seaport Global Securities has a “Buy” rating on the stock.
PARR has been the topic of a number of other reports. BidaskClub downgraded Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded Par Pacific from a “buy” rating to a “strong sell” rating in a report on Tuesday, November 14th. Cowen reissued a “buy” rating and issued a $20.00 target price on shares of Par Pacific in a report on Tuesday, October 17th. Mizuho reissued a “buy” rating and issued a $23.00 target price on shares of Par Pacific in a report on Friday, October 27th. Finally, ValuEngine raised Par Pacific from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Par Pacific currently has a consensus rating of “Buy” and a consensus price target of $21.50.
Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Monday, November 6th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the 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%.
Several institutional investors have recently modified their holdings of PARR. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Par Pacific in the 3rd quarter valued at $706,000. Jane Street Group LLC bought a new stake in shares of Par Pacific in the 3rd quarter valued at $272,000. Highbridge Capital Management LLC bought a new stake in shares of Par Pacific in the 3rd quarter valued at $461,000. Cubist Systematic Strategies LLC bought a new stake in shares of Par Pacific in the 3rd quarter valued at $254,000. Finally, Sterling Capital Management LLC bought a new stake in shares of Par Pacific in the 3rd quarter valued at $910,000. Institutional investors own 83.57% of the company’s stock.
In other Par Pacific news, major shareholder Whitebox Advisors Llc sold 394,022 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $18.49, for a total transaction of $7,285,466.78. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 3,029,929 shares of company stock worth $60,203,366. Company insiders own 2.80% of the company’s stock.
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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