Short Interest in Par Pacific Holdings, Inc. (NYSE:PARR) Grows By 33.8%

Par Pacific Holdings, Inc. (NYSE:PARR) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 6,210,000 shares, an increase of 33.8% from the February 28th total of 4,640,000 shares. Currently, 12.0% of the shares of the stock are sold short. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is currently 4.8 days.

Par Pacific Stock Up 1.7 %

NYSE PARR traded up $0.24 during trading on Tuesday, reaching $14.50. 1,125,389 shares of the company’s stock were exchanged, compared to its average volume of 1,020,265. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. Par Pacific has a fifty-two week low of $11.86 and a fifty-two week high of $40.20. The company’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $16.48. The firm has a market capitalization of $793.68 million, a PE ratio of 2.81 and a beta of 2.01.

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

Hedge Funds Weigh In On Par Pacific

A number of hedge funds have recently modified their holdings of PARR. GF Fund Management CO. LTD. purchased a new position in Par Pacific in the fourth quarter valued at about $286,000. GTS Securities LLC bought a new stake in shares of Par Pacific in the 4th quarter valued at approximately $276,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Par Pacific by 9.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,623 shares of the company’s stock valued at $2,288,000 after buying an additional 11,891 shares in the last quarter. iSAM Funds UK Ltd increased its holdings in Par Pacific by 63.5% in the fourth quarter. iSAM Funds UK Ltd now owns 19,697 shares of the company’s stock worth $323,000 after buying an additional 7,651 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in Par Pacific during the fourth quarter valued at approximately $544,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on PARR shares. The Goldman Sachs Group upgraded shares of Par Pacific from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $19.00 in a report on Thursday, March 27th. TD Cowen cut their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Mizuho cut Par Pacific from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $22.00 in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Raymond James started coverage on Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.71.

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.