Par Pacific Holdings, Inc. (NYSE:PARR) Receives $81.57 Consensus PT from Analysts

Par Pacific Holdings, Inc. (NYSE:PARR) has been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $81.5714.

Several research analysts have recently commented on PARR shares. Evercore raised Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. UBS Group reissued a “neutral” rating on shares of Par Pacific in a research note on Wednesday, August 26th. The Goldman Sachs Group boosted their target price on shares of Par Pacific from $77.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Par Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Raymond James Financial increased their price target on shares of Par Pacific from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 13th.

Insider Buying and Selling

In other news, Director Timothy Clossey sold 10,970 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $84.00, for a total value of $921,480.00. Following the sale, the director owned 51,526 shares of the company’s stock, valued at approximately $4,328,184. This represents a 17.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Danielle Mattiussi sold 3,278 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $67.29, for a total value of $220,576.62. Following the completion of the transaction, the insider directly owned 27,878 shares in the company, valued at $1,875,910.62. This trade represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,248 shares of company stock worth $4,394,057 over the last three months. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Par Pacific

Several hedge funds have recently modified their holdings of PARR. NewEdge Advisors LLC bought a new position in shares of Par Pacific during the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its stake in Par Pacific by 32.0% in the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $45,000 after acquiring an additional 173 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Par Pacific in the second quarter valued at approximately $66,000. Aster Capital Management DIFC Ltd grew its holdings in Par Pacific by 34.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,847 shares of the company’s stock worth $65,000 after purchasing an additional 478 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Par Pacific by 385.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,962 shares of the company’s stock worth $69,000 after purchasing an additional 1,558 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Key Par Pacific News

Here are the key news stories impacting Par Pacific this week:

• Positive Sentiment: Refining market remains supportive: Tight refining capacity, low fuel inventories and firm demand are supporting elevated crack spreads and margins. PARR and other refiners have gained more than 50% over the past six months. Oil Prices are High, But These 2 Refining Stocks are Still Crushing It
• Positive Sentiment: Strong operating results and valuation: Par Pacific’s flexible crude slate and diversified refining, retail and logistics platform are viewed as supporting earnings. The company’s latest quarterly EPS of $10.10 exceeded estimates by $1.88, while revenue rose 56.8% year over year to $2.97 billion. A reported 3.50x EV/EBITDA multiple is below the industry average. Par Pacific Surges 148% in a Year
• Positive Sentiment: Analyst outlook is broadly favorable: The stock carries an overall “Buy” rating, with most covering analysts recommending Buy or Strong Buy. Recent positive commentary emphasizes the company’s downstream diversification and ability to benefit from constrained industry capacity. Can Par Pacific’s Diversified Downstream Platform Drive Growth?

Par Pacific Stock Up 1.2%

Par Pacific stock opened at $84.56 on Thursday. The firm has a 50 day simple moving average of $76.90 and a 200 day simple moving average of $64.11. The company has a current ratio of 1.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. Par Pacific has a 1-year low of $32.24 and a 1-year high of $87.03. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 4.93 and a beta of 0.77.

Par Pacific (NYSE:PARR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $8.22 by $1.88. Par Pacific had a net margin of 9.94% and a return on equity of 56.19%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm posted $1.54 earnings per share. The business’s revenue was up 56.8% compared to the same quarter last year. On average, analysts predict that Par Pacific will post 21.33 earnings per share for the current year.

About Par Pacific

Par Pacific Holdings, Inc (NYSE:PARR) is an energy company engaged in refining, logistics and retail operations. The company processes crude oil into transportation fuels and other refined products, including gasoline, diesel, jet fuel and asphalt, which it sells through wholesale and retail channels.

Par Pacific operates refining and fuel-distribution assets serving markets in Hawaii and the western United States, including the Rocky Mountain region. Its logistics operations include fuel terminals, pipelines, storage facilities and related infrastructure used to transport and distribute crude oil and refined petroleum products.

The company also operates retail fuel stations and convenience stores under various brand names, primarily in Hawaii and other western markets.