Shares of Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.00.
PARR has been the subject of several recent analyst reports. Piper Sandler cut Par Pacific from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $37.00 to $23.00 in a research report on Friday. UBS Group decreased their price objective on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. dropped their target price on shares of Par Pacific from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Mizuho cut their price target on shares of Par Pacific from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Tudor Pickering upgraded shares of Par Pacific to a “hold” rating in a research report on Monday, September 9th.
Get Our Latest Analysis on PARR
Institutional Investors Weigh In On Par Pacific
Par Pacific Trading Down 1.7 %
Shares of Par Pacific stock opened at $19.35 on Friday. The company’s 50-day moving average price is $22.48 and its 200-day moving average price is $27.69. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.84. Par Pacific has a 12-month low of $18.00 and a 12-month high of $40.69. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 2.42 and a beta of 1.99.
Par Pacific (NYSE:PARR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.13 by $0.36. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. On average, equities analysts expect that Par Pacific will post 2.01 earnings per share for the current fiscal year.
About Par Pacific
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.
Further Reading
- Five stocks we like better than Par Pacific
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- What Are the FAANG Stocks and Are They Good Investments?
- MarketBeat Week in Review – 9/16 – 9/20
- How to Plot Fibonacci Price Inflection Levels
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Par Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Par Pacific and related companies with MarketBeat.com's FREE daily email newsletter.