Brokerages Set $21.08 Price Target for Par Pacific Holdings, Inc. (PARR)
Shares of Par Pacific Holdings, Inc. (NASDAQ:PARR) have received a consensus broker rating score of 1.50 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have given a strong buy rating to the company. Par Pacific Holdings’ rating score has declined by 50% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a 1 year consensus target price of $21.08 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Par Pacific Holdings an industry rank of 209 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Par Pacific Holdings from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 20th.
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In other Par Pacific Holdings news, major shareholder Whitebox Advisors Llc sold 235,674 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $16.89, for a total value of $3,980,533.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Melvyn N. Klein purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $16.95 per share, with a total value of $169,500.00. Following the purchase, the director now owns 38,073 shares in the company, valued at $645,337.35. The disclosure for this purchase can be found here.
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Par Pacific Holdings by 15.0% in the fourth quarter. State Street Corp now owns 812,996 shares of the company’s stock worth $11,819,000 after buying an additional 105,774 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Par Pacific Holdings by 171.2% in the fourth quarter. Renaissance Technologies LLC now owns 355,300 shares of the company’s stock worth $5,166,000 after buying an additional 224,300 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Par Pacific Holdings by 13.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 329,159 shares of the company’s stock worth $4,786,000 after buying an additional 40,057 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Par Pacific Holdings by 77.0% in the fourth quarter. GSA Capital Partners LLP now owns 35,507 shares of the company’s stock worth $516,000 after buying an additional 15,443 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Par Pacific Holdings during the fourth quarter worth $411,000.
Shares of Par Pacific Holdings (NASDAQ:PARR) traded up 0.96% on Tuesday, reaching $17.88. 83,867 shares of the company were exchanged. The firm has a market capitalization of $818.73 million and a PE ratio of 2554.29. Par Pacific Holdings has a 12-month low of $12.18 and a 12-month high of $18.49. The company’s 50 day moving average is $17.03 and its 200 day moving average is $15.74.
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