Par Pacific Holdings, Inc. (NYSE:PARR) Receives $39.00 Consensus PT from Analysts

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $41.5714.

Several equities analysts have recently commented on the company. Tudor Pickering raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Raymond James Financial restated an “outperform” rating and issued a $45.00 price target (up from $38.00) on shares of Par Pacific in a research note on Friday, October 17th. Piper Sandler raised their price target on shares of Par Pacific from $44.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Zacks Research raised shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th.

Insider Buying and Selling at Par Pacific

In other Par Pacific news, EVP Richard Creamer sold 15,848 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $41.22, for a total transaction of $653,254.56. Following the transaction, the executive vice president owned 54,654 shares in the company, valued at $2,252,837.88. This trade represents a 22.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy Clossey sold 2,000 shares of Par Pacific stock in a transaction on Monday, September 15th. The shares were sold at an average price of $33.37, for a total value of $66,740.00. Following the completion of the transaction, the director directly owned 84,000 shares of the company’s stock, valued at $2,803,080. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,638 shares of company stock valued at $1,371,866 over the last ninety days. 4.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Par Pacific

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Par Pacific by 175.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock worth $31,000 after acquiring an additional 753 shares during the period. Federated Hermes Inc. acquired a new position in Par Pacific during the third quarter valued at approximately $44,000. Parallel Advisors LLC lifted its stake in Par Pacific by 232.9% during the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock worth $35,000 after purchasing an additional 927 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Par Pacific in the 3rd quarter valued at $48,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Par Pacific by 157.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after purchasing an additional 976 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Par Pacific Stock Performance

NYSE PARR opened at $46.20 on Friday. The stock has a market cap of $2.32 billion, a PE ratio of -164.98 and a beta of 1.74. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 1.42. The firm has a 50-day moving average of $37.68 and a 200-day moving average of $31.08. Par Pacific has a 52-week low of $11.86 and a 52-week high of $48.40.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $3.97. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.72 billion. Par Pacific had a negative net margin of 0.25% and a negative return on equity of 1.79%. Par Pacific’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS. On average, sell-side analysts anticipate that Par Pacific will post 0.15 EPS for the current year.

About Par Pacific

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.