Par Pacific Holdings, Inc. (PARR) Receives New Coverage from Analysts at Mizuho
Mizuho initiated coverage on shares of Par Pacific Holdings, Inc. (NYSEMKT:PARR) in a research report report published on Thursday. The brokerage issued a buy rating and a $20.00 price objective on the stock.
Several other analysts have also recently commented on the company. Seaport Global Securities began coverage on Par Pacific Holdings in a report on Thursday, September 8th. They issued a buy rating and a $22.00 target price on the stock. Miller Tabak upgraded Par Pacific Holdings from a hold rating to a strong-buy rating and upped their target price for the company from $24.00 to $25.30 in a report on Wednesday, August 3rd. Finally, Cowen and Company upgraded Par Pacific Holdings from a market perform rating to an outperform rating and upped their target price for the company from $18.00 to $20.00 in a report on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Par Pacific Holdings currently has a consensus rating of Buy and an average target price of $21.72.
Par Pacific Holdings (NYSEMKT:PARR) traded down 0.77% during trading on Thursday, hitting $14.21. 158,105 shares of the company traded hands. The stock has a 50-day moving average price of $13.20 and a 200-day moving average price of $15.67. The firm’s market capitalization is $585.14 million. Par Pacific Holdings has a 12-month low of $12.18 and a 12-month high of $28.31.
Several institutional investors have recently modified their holdings of the company. Hancock Holding Co. boosted its position in shares of Par Pacific Holdings by 960.2% in the first quarter. Hancock Holding Co. now owns 352,048 shares of the company’s stock worth $6,604,000 after buying an additional 318,842 shares in the last quarter. Barclays PLC raised its stake in Par Pacific Holdings by 135.5% in the first quarter. Barclays PLC now owns 50,872 shares of the company’s stock worth $916,000 after buying an additional 29,272 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Par Pacific Holdings during the first quarter worth approximately $308,000. Renaissance Technologies LLC raised its stake in Par Pacific Holdings by 7.7% in the first quarter. Renaissance Technologies LLC now owns 118,600 shares of the company’s stock worth $2,225,000 after buying an additional 8,500 shares during the last quarter. Finally, Menta Capital LLC raised its stake in Par Pacific Holdings by 8.6% in the first quarter. Menta Capital LLC now owns 55,016 shares of the company’s stock worth $1,032,000 after buying an additional 4,351 shares during the last quarter.
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