Weekly Analysts’ Ratings Changes for Par Pacific (PARR)

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A number of firms have modified their ratings and price targets on shares of Par Pacific (NYSEAMERICAN: PARR) recently:

  • 12/7/2018 – Par Pacific is now covered by analysts at CIBC. They set an “outperform” rating and a $22.00 price target on the stock.
  • 12/6/2018 – Par Pacific is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $22.00 price target on the stock.
  • 12/5/2018 – Par Pacific was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “
  • 12/4/2018 – Par Pacific was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “
  • 11/14/2018 – Par Pacific was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas. “

NYSEAMERICAN PARR traded down $0.15 on Wednesday, reaching $14.59. 2,184 shares of the stock were exchanged, compared to its average volume of 234,008. Par Pacific Holdings, Inc. has a one year low of $14.67 and a one year high of $21.34.

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

Several institutional investors have recently added to or reduced their stakes in PARR. First Quadrant L P CA bought a new stake in shares of Par Pacific during the third quarter valued at approximately $131,000. SG Americas Securities LLC purchased a new position in shares of Par Pacific in the second quarter valued at $196,000. Allianz Asset Management GmbH purchased a new position in shares of Par Pacific in the third quarter valued at $202,000. Zebra Capital Management LLC purchased a new position in shares of Par Pacific in the second quarter valued at $206,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Par Pacific by 69.4% in the third quarter. Meeder Asset Management Inc. now owns 13,827 shares of the oil and gas company’s stock valued at $282,000 after purchasing an additional 5,666 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

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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