Par Pacific Holdings, Inc. (NYSE:PARR) Given Consensus Rating of “Hold” by Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $44.00.

A number of research firms have weighed in on PARR. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a research note on Monday, December 29th. Piper Sandler set a $57.00 price target on shares of Par Pacific in a report on Monday, January 12th. Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 15th. Mizuho upped their price objective on Par Pacific from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Zacks Research downgraded Par Pacific from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th.

Institutional Investors Weigh In On Par Pacific

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in Par Pacific by 157.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock worth $42,000 after buying an additional 976 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Par Pacific in the third quarter worth approximately $44,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Par Pacific during the third quarter valued at approximately $48,000. Smartleaf Asset Management LLC raised its holdings in shares of Par Pacific by 81.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,340 shares of the company’s stock valued at $62,000 after purchasing an additional 1,048 shares during the last quarter. Finally, USA Financial Formulas bought a new position in Par Pacific during the third quarter valued at approximately $82,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Trading Up 1.2%

NYSE PARR opened at $42.81 on Friday. Par Pacific has a 12 month low of $11.86 and a 12 month high of $48.40. The company has a current ratio of 1.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average price is $38.19 and its 200-day moving average price is $37.57. The stock has a market cap of $2.15 billion, a P/E ratio of 9.01 and a beta of 1.23.

About Par Pacific

Par Pacific Holdings, Inc (NYSE: PARR) is a diversified downstream energy company engaged in the refining, marketing and logistics of petroleum products. Through its subsidiaries, Par Pacific operates the Par Hawaii Refinery on the island of Oʻahu, which processes crude oil into transportation fuels such as gasoline, diesel and jet fuel, as well as asphalt, petroleum coke and sulfur. In the Rocky Mountain region, the company owns and operates the Salt Lake City Refinery in Utah and associated logistics infrastructure, including pipelines and storage terminals, to support both crude supply and product distribution.

In marketing its refined products, Par Pacific maintains a network of branded and unbranded wholesale accounts across Hawaii and the U.S.