Zacks Investment Research lowered shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) from a buy rating to a strong sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “

A number of other research firms have also recently weighed in on PARR. Mizuho restated a buy rating and issued a $23.00 price target on shares of Par Pacific Holdings in a report on Friday, October 27th. Seaport Global Securities upgraded shares of Par Pacific Holdings from a neutral rating to a buy rating in a research note on Monday, September 11th. ValuEngine upgraded shares of Par Pacific Holdings from a hold rating to a buy rating in a research note on Monday, October 2nd. Cowen and Company reiterated a buy rating and issued a $20.00 target price on shares of Par Pacific Holdings in a research note on Tuesday, October 17th. Finally, BidaskClub cut shares of Par Pacific Holdings from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $21.50.

Par Pacific Holdings (NYSEAMERICAN:PARR) opened at $19.60 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.35 and a debt-to-equity ratio of 0.71. The company has a market cap of $882.84, a PE ratio of 13.30 and a beta of 0.39. Par Pacific Holdings has a 12-month low of $12.96 and a 12-month high of $21.94.

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

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In other Par Pacific Holdings news, major shareholder Whitebox Advisors Llc sold 19,724 shares of Par Pacific Holdings stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $20.49, for a total transaction of $404,144.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 3,127,770 shares of company stock valued at $61,941,485. Company insiders own 2.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Par Pacific Holdings during the 3rd quarter valued at approximately $254,000. Jane Street Group LLC purchased a new position in shares of Par Pacific Holdings during the 3rd quarter valued at approximately $272,000. Highbridge Capital Management LLC purchased a new position in shares of Par Pacific Holdings during the 3rd quarter valued at approximately $461,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Par Pacific Holdings in the 3rd quarter worth $706,000. Finally, Sterling Capital Management LLC purchased a new stake in Par Pacific Holdings in the 3rd quarter worth $910,000. 83.57% of the stock is owned by hedge funds and other institutional investors.

About Par Pacific Holdings

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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