Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) has been given a consensus rating of “Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.33.
Several research firms have issued reports on PARR. Mizuho reaffirmed a “buy” rating and set a $23.00 price target on shares of Par Pacific Holdings in a research report on Friday, October 27th. Cowen and Company reiterated a “buy” rating and issued a $20.00 price objective on shares of Par Pacific Holdings in a report on Tuesday, October 17th. BidaskClub downgraded shares of Par Pacific Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Par Pacific Holdings from a “sell” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, July 19th. Finally, Seaport Global Securities upgraded shares of Par Pacific Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $22.00 in a report on Monday, September 11th.
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In related news, major shareholder Whitebox Advisors Llc sold 44,800 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $17.78, for a total value of $796,544.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 3,127,770 shares of company stock worth $61,941,485. Corporate insiders own 2.80% of the company’s stock.
Shares of Par Pacific Holdings (PARR) traded down $0.21 during mid-day trading on Monday, hitting $19.07. 378,600 shares of the stock were exchanged, compared to its average volume of 262,066. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 1.09. The company has a market capitalization of $882.84, a price-to-earnings ratio of 13.30 and a beta of 0.39. Par Pacific Holdings has a twelve month low of $12.96 and a twelve month high of $21.94.
Par Pacific Holdings (NYSEAMERICAN:PARR) last posted its quarterly earnings results on Monday, November 6th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. Par Pacific Holdings had a net margin of 2.87% and a return on equity of 17.03%. The firm had revenue of $610.51 million for the quarter, compared to analyst estimates of $655.80 million. equities analysts predict that Par Pacific Holdings will post 1.33 EPS for the current year.
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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