Analysts Set Par Pacific Holdings, Inc. (NYSE:PARR) Price Target at $41.57

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $41.5714.

Several equities research analysts recently commented on PARR shares. The Goldman Sachs Group lifted their price objective on Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Par Pacific from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Zacks Research upgraded shares of Par Pacific from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Raymond James Financial restated an “outperform” rating and set a $45.00 price objective (up previously from $38.00) on shares of Par Pacific in a research report on Friday, October 17th. Finally, Mizuho raised their target price on shares of Par Pacific from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th.

Insider Transactions at Par Pacific

In other Par Pacific news, EVP Richard Creamer sold 15,848 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $41.22, for a total value of $653,254.56. Following the transaction, the executive vice president directly owned 54,654 shares of the company’s stock, valued at approximately $2,252,837.88. This trade represents a 22.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Monteleone sold 99,284 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $43.15, for a total transaction of $4,284,104.60. Following the sale, the chief executive officer directly owned 423,022 shares of the company’s stock, valued at $18,253,399.30. The trade was a 19.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 117,132 shares of company stock worth $5,004,099 in the last ninety days. Insiders own 4.40% of the company’s stock.

Institutional Trading of Par Pacific

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in Par Pacific by 175.9% in the second 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. purchased a new stake in shares of Par Pacific in the 3rd quarter worth $44,000. Parallel Advisors LLC increased its stake in shares of Par Pacific by 232.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock worth $35,000 after purchasing an additional 927 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Par Pacific in the 3rd quarter worth $48,000. Finally, Nisa Investment Advisors LLC lifted its position in Par Pacific by 157.4% during the second 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.

Par Pacific Price Performance

Shares of NYSE PARR opened at $41.93 on Tuesday. The firm has a market cap of $2.11 billion, a P/E ratio of 8.83 and a beta of 1.25. Par Pacific has a twelve month low of $11.86 and a twelve month high of $48.40. The company has a quick ratio of 0.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $40.72 and a 200 day moving average of $33.91.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $3.97. Par Pacific had a return on equity of 23.69% and a net margin of 3.15%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company earned ($0.10) EPS. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that Par Pacific will post 0.15 EPS for the current fiscal year.

Par Pacific Company Profile

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.