Par Pacific (PARR) Now Covered by Oppenheimer

Stock analysts at Oppenheimer started coverage on shares of Par Pacific (NYSEAMERICAN:PARR) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $22.00 price target on the oil and gas company’s stock. Oppenheimer’s price target suggests a potential upside of 30.33% from the company’s current price.

PARR has been the subject of several other reports. Cowen cut Par Pacific from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research report on Wednesday, September 12th. Zacks Investment Research upgraded Par Pacific from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday.

Par Pacific stock opened at $16.88 on Thursday. Par Pacific has a 52 week low of $16.10 and a 52 week high of $21.34.

Par Pacific (NYSEAMERICAN:PARR) last posted its earnings results on Tuesday, November 6th. The oil and gas company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.15). The company had revenue of $909.78 million during the quarter, compared to analyst estimates of $744.50 million.

Several institutional investors and hedge funds have recently bought and sold shares of PARR. Principal Financial Group Inc. boosted its holdings in shares of Par Pacific by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 207,949 shares of the oil and gas company’s stock worth $3,570,000 after purchasing an additional 5,569 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Par Pacific in the 2nd quarter worth about $104,000. Victory Capital Management Inc. boosted its holdings in shares of Par Pacific by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 22,757 shares of the oil and gas company’s stock worth $396,000 after purchasing an additional 3,121 shares in the last quarter. Hoylecohen LLC purchased a new position in shares of Par Pacific in the 2nd quarter worth about $198,000. Finally, Strs Ohio boosted its holdings in shares of Par Pacific by 8.9% in the 2nd quarter. Strs Ohio now owns 46,600 shares of the oil and gas company’s stock worth $809,000 after purchasing an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

About Par Pacific

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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