Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) have earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $21.50.
A number of equities analysts have recently issued reports on the stock. ValuEngine raised shares of Par Pacific from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reissued a “buy” rating and set a $23.00 price objective on shares of Par Pacific in a research report on Friday, October 27th. Zacks Investment Research cut shares of Par Pacific from a “hold” rating to a “strong sell” rating in a research report on Friday, December 29th. Cowen reissued a “buy” rating and set a $20.00 price objective on shares of Par Pacific in a research report on Tuesday, October 17th. Finally, BidaskClub cut shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th.
Shares of Par Pacific (PARR) traded down $0.36 on Friday, reaching $19.13. 135,679 shares of the company’s stock were exchanged, compared to its average volume of 267,615. The company has a quick ratio of 0.35, a current ratio of 1.09 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $892.23, a PE ratio of 12.59 and a beta of 0.38. Par Pacific has a twelve month low of $14.05 and a twelve month high of $21.94.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its holdings in shares of Par Pacific by 63.0% in the 4th quarter. Acadian Asset Management LLC now owns 585,892 shares of the oil and gas company’s stock worth $11,298,000 after acquiring an additional 226,553 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Par Pacific by 159.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 367,938 shares of the oil and gas company’s stock worth $7,094,000 after acquiring an additional 226,198 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of Par Pacific in the 4th quarter worth about $1,558,000. GSA Capital Partners LLP raised its holdings in shares of Par Pacific by 31.1% in the 3rd quarter. GSA Capital Partners LLP now owns 74,743 shares of the oil and gas company’s stock worth $1,555,000 after acquiring an additional 17,736 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new stake in Par Pacific in the 3rd quarter valued at about $910,000. Institutional investors 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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