Par Pacific (NYSE:PARR) Price Target Lowered to $18.00 at The Goldman Sachs Group

Par Pacific (NYSE:PARR) had its price objective decreased by The Goldman Sachs Group from $20.00 to $18.00 in a research report report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

PARR has been the topic of several other reports. TD Cowen lowered their target price on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James started coverage on shares of Par Pacific in a research report on Friday, January 24th. They issued an “outperform” rating and a $25.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Mizuho cut shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. Finally, StockNews.com upgraded shares of Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Par Pacific has an average rating of “Hold” and a consensus price target of $22.86.

Par Pacific Stock Up 1.3 %

PARR stock opened at $14.12 on Thursday. Par Pacific has a 12 month low of $13.40 and a 12 month high of $40.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66. The company has a market cap of $789.82 million, a price-to-earnings ratio of 2.74 and a beta of 1.99. The company has a fifty day moving average price of $16.67 and a 200 day moving average price of $17.78.

Par Pacific (NYSE:PARR) last announced its earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Sell-side analysts expect that Par Pacific will post 0.15 earnings per share for the current year.

Insider Activity at Par Pacific

In related news, Director William Pate sold 67,700 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total value of $1,098,094.00. Following the completion of the transaction, the director now directly owns 524,610 shares of the company’s stock, valued at $8,509,174.20. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Trading of Par Pacific

A number of institutional investors have recently bought and sold shares of PARR. GAMMA Investing LLC raised its stake in shares of Par Pacific by 232.5% during the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock worth $27,000 after buying an additional 1,167 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Par Pacific by 821.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock valued at $28,000 after acquiring an additional 1,528 shares in the last quarter. US Bancorp DE raised its position in Par Pacific by 55.7% during the fourth quarter. US Bancorp DE now owns 1,823 shares of the company’s stock worth $30,000 after acquiring an additional 652 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Par Pacific by 37.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after purchasing an additional 700 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Par Pacific by 123.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company’s stock valued at $53,000 after purchasing an additional 1,784 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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.