Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.50.
Several research firms recently commented on PARR. Zacks Investment Research lowered Par Pacific from a “buy” rating to a “strong sell” rating in a report on Tuesday, November 14th. BidaskClub lowered Par Pacific from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Mizuho reissued a “buy” rating and issued a $23.00 price objective on shares of Par Pacific in a report on Friday, October 27th. Cowen reissued a “buy” rating and issued a $20.00 price objective on shares of Par Pacific in a report on Tuesday, October 17th. Finally, ValuEngine raised Par Pacific from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.
Shares of Par Pacific (NYSEAMERICAN PARR) traded up $0.27 during trading hours on Friday, hitting $20.65. The stock had a trading volume of 596,404 shares, compared to its average volume of 268,042. Par Pacific has a 1 year low of $12.96 and a 1 year high of $21.94. The stock has a market capitalization of $928.39, a PE ratio of 13.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 1.09.
In other news, major shareholder Whitebox Advisors Llc sold 19,724 shares of Par Pacific stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $20.49, for a total value of $404,144.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders sold 2,606,032 shares of company stock worth $52,714,237. 2.80% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of PARR. Sterling Capital Management LLC acquired a new stake in shares of Par Pacific in the third quarter worth approximately $910,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Par Pacific in the third quarter worth approximately $706,000. Highbridge Capital Management LLC acquired a new stake in shares of Par Pacific in the third quarter worth approximately $461,000. GSA Capital Partners LLP boosted its stake in shares of Par Pacific by 31.1% in the third quarter. GSA Capital Partners LLP now owns 74,743 shares of the oil and gas company’s stock worth $1,555,000 after acquiring an additional 17,736 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Par Pacific in the third quarter worth approximately $272,000. 83.57% of the stock is currently owned by hedge funds and other institutional investors.
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Par Pacific Company Profile
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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