Par Pacific Holdings, Inc. (NYSE:PARR) Receives Consensus Recommendation of “Hold” from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.8333.

A number of equities research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Par Pacific from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Tudor Pickering raised shares of Par Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, November 6th. Zacks Research lowered Par Pacific from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Par Pacific in a report on Monday, December 29th. Finally, Piper Sandler set a $57.00 target price on Par Pacific in a research report on Monday, January 12th.

Institutional Investors Weigh In On Par Pacific

Several large investors have recently modified their holdings of PARR. Vanguard Group Inc. boosted its stake in shares of Par Pacific by 30.9% during the third quarter. Vanguard Group Inc. now owns 5,044,612 shares of the company’s stock valued at $178,680,000 after purchasing an additional 1,190,088 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Par Pacific by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,774,621 shares of the company’s stock valued at $62,363,000 after acquiring an additional 7,280 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Par Pacific by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,765,631 shares of the company’s stock valued at $62,044,000 after acquiring an additional 9,470 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Par Pacific by 42.8% in the 3rd quarter. American Century Companies Inc. now owns 1,522,392 shares of the company’s stock valued at $53,923,000 after acquiring an additional 456,473 shares during the period. Finally, Encompass Capital Advisors LLC bought a new position in shares of Par Pacific in the 2nd quarter worth $34,609,000. Institutional investors own 92.15% of the company’s stock.

Par Pacific Price Performance

Shares of PARR stock opened at $40.67 on Friday. The stock has a 50 day moving average price of $38.30 and a 200 day moving average price of $37.86. Par Pacific has a 52-week low of $11.86 and a 52-week high of $48.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.48 and a current ratio of 1.51. The firm has a market capitalization of $2.05 billion, a P/E ratio of 5.58 and a beta of 1.23.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, February 24th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.04). The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Par Pacific had a return on equity of 32.01% and a net margin of 4.95%.The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.79) EPS. As a group, sell-side analysts predict that Par Pacific will post 0.15 earnings per share for the current year.

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.