Par Pacific Holdings, Inc. (PARR) Receives Consensus Recommendation of “Buy” from Analysts

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.

Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Monday, November 6th. The oil and gas company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The business had revenue of $610.51 million for the quarter, compared to analysts’ expectations of $655.80 million. Par Pacific had a net margin of 2.87% and a return on equity of 17.03%. research analysts forecast that Par Pacific will post 1.33 EPS for the current fiscal year.

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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