Par Pacific Holdings, Inc. (PARR) Short Interest Down 4.7% in January

Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 3,015,496 shares, a decrease of 4.7% from the January 12th total of 3,164,752 shares. Approximately 6.7% of the company’s shares are short sold. Based on an average daily volume of 238,788 shares, the short-interest ratio is presently 12.6 days.

A number of analysts have issued reports on PARR shares. Cowen reiterated a “buy” rating and set a $20.00 price target on shares of Par Pacific in a research note on Tuesday, October 17th. Mizuho reiterated a “buy” rating and set a $23.00 price target on shares of Par Pacific in a research note on Friday, October 27th. BidaskClub lowered shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Par Pacific from a “buy” rating to a “strong sell” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.33.

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC acquired a new position in shares of Par Pacific during the third quarter worth about $910,000. GSA Capital Partners LLP grew its position in shares of Par Pacific by 31.1% during the third quarter. GSA Capital Partners LLP now owns 74,743 shares of the oil and gas company’s stock worth $1,555,000 after buying an additional 17,736 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Par Pacific during the third quarter worth about $272,000. Highbridge Capital Management LLC acquired a new position in shares of Par Pacific during the third quarter worth about $461,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Par Pacific during the fourth quarter worth about $208,000. 83.57% of the stock is owned by institutional investors and hedge funds.

Shares of Par Pacific (PARR) traded up $0.29 during trading hours on Friday, reaching $17.10. 346,948 shares of the company’s stock were exchanged, compared to its average volume of 265,641. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 0.35. The stock has a market capitalization of $819.44, a price-to-earnings ratio of 11.25 and a beta of 0.29. Par Pacific has a one year low of $14.05 and a one year 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. Par Pacific had a net margin of 2.87% and a return on equity of 17.03%. The company had revenue of $610.51 million for the quarter, compared to analyst estimates of $655.80 million. equities analysts forecast that Par Pacific will post 1.33 earnings per share for the current fiscal year.

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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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