Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 3,046,880 shares, a decline of 4.9% from the October 13th total of 3,203,739 shares. Based on an average daily volume of 280,275 shares, the short-interest ratio is presently 10.9 days. Approximately 6.8% of the company’s shares are short sold.

Several equities analysts recently commented on PARR shares. Zacks Investment Research raised Par Pacific Holdings from a “sell” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, July 19th. Mizuho reissued a “buy” rating and set a $23.00 price target on shares of Par Pacific Holdings in a research report on Friday, October 27th. Seaport Global Securities raised Par Pacific Holdings from a “neutral” rating to a “buy” rating in a research report on Monday, September 11th. ValuEngine raised Par Pacific Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $20.00 target price on shares of Par Pacific Holdings in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.50.

Par Pacific Holdings (NYSEAMERICAN:PARR) opened at $18.99 on Wednesday. Par Pacific Holdings has a 52-week low of $12.96 and a 52-week high of $21.94. The stock has a market capitalization of $882.84, a P/E ratio of 13.30 and a beta of 0.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 0.35.

Par Pacific Holdings (NYSEAMERICAN:PARR) last announced its earnings results on Monday, November 6th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. Par Pacific Holdings had a return on equity of 17.03% and a net margin of 2.87%. The company had revenue of $610.51 million for the quarter, compared to analyst estimates of $655.80 million. equities research analysts anticipate that Par Pacific Holdings will post 1.33 earnings per share for the current year.

In related news, major shareholder Whitebox Advisors Llc sold 44,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $17.78, for a total transaction of $796,544.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 3,127,770 shares of company stock worth $61,941,485 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Par Pacific Holdings in the 3rd quarter valued at approximately $706,000. Highbridge Capital Management LLC bought a new stake in shares of Par Pacific Holdings in the 3rd quarter valued at approximately $461,000. Jane Street Group LLC bought a new stake in shares of Par Pacific Holdings in the 3rd quarter valued at approximately $272,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Par Pacific Holdings in the 3rd quarter valued at approximately $254,000. 83.57% of the stock is currently owned by institutional investors.

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Par Pacific Holdings 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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