Par Pacific (NYSE:PARR) Stock Price Up 3.9% – Time to Buy?

Par Pacific Holdings, Inc. (NYSE:PARR) shares were up 3.9% during mid-day trading on Wednesday . The stock traded as high as $14.38 and last traded at $14.44. Approximately 61,606 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,288,939 shares. The stock had previously closed at $13.89.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PARR shares. StockNews.com downgraded shares of Par Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. The Goldman Sachs Group raised Par Pacific from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $19.00 in a research report on Thursday. Finally, TD Cowen cut their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Par Pacific currently has a consensus rating of “Hold” and an average target price of $22.71.

Par Pacific Price Performance

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 $811.58 million, a PE ratio of 2.87 and a beta of 2.01. The company has a 50-day moving average price of $15.45 and a two-hundred day moving average price of $16.60.

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

Institutional Investors Weigh In On Par Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Par Pacific by 232.5% in the 4th quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after buying an additional 1,167 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company’s stock valued at $28,000 after purchasing an additional 1,528 shares during the last quarter. US Bancorp DE grew its stake in Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company’s stock valued at $30,000 after purchasing an additional 652 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Par Pacific by 37.7% during the 4th 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 increased its holdings in Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company’s stock worth $53,000 after purchasing an additional 1,784 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.