Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,123,413 shares, a growth of 2.5% from the October 31st total of 3,046,880 shares. Based on an average trading volume of 406,229 shares, the short-interest ratio is presently 7.7 days. Approximately 6.9% of the shares of the stock are sold short.

In other news, major shareholder Whitebox Advisors Llc sold 19,724 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $20.49, for a total transaction of $404,144.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,095,629 shares of company stock valued at $61,371,303 in the last quarter. Insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PARR. Cubist Systematic Strategies LLC bought a new stake in shares of Par Pacific in the third quarter valued at about $254,000. Jane Street Group LLC bought a new position in Par Pacific during the third quarter worth about $272,000. Highbridge Capital Management LLC bought a new position in Par Pacific during the third quarter worth about $461,000. Cornerstone Capital Management Holdings LLC. bought a new position in Par Pacific during the third quarter worth about $706,000. Finally, Sterling Capital Management LLC bought a new position in Par Pacific during the third quarter worth about $910,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

Par Pacific (PARR) traded down $0.12 during mid-day trading on Monday, reaching $20.29. 265,203 shares of the company’s stock were exchanged, compared to its average volume of 264,723. 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 has a one year low of $12.96 and a one year high of $21.94. The company has a market capitalization of $934.35, a PE ratio of 13.30 and a beta of 0.39.

Par Pacific (NYSEAMERICAN:PARR) last released its earnings results on Monday, November 6th. The oil and gas company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. Par Pacific had a net margin of 2.87% and a return on equity of 17.03%. The business had revenue of $610.51 million during the quarter, compared to analysts’ expectations of $655.80 million. equities analysts forecast that Par Pacific will post 1.33 earnings per share for the current fiscal year.

PARR has been the subject of a number of research analyst reports. Cowen Inc restated a “buy” rating and issued a $20.00 target price on shares of Par Pacific in a report on Thursday, August 17th. Seaport Global Securities raised shares of Par Pacific from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $22.00 in a research note on Monday, September 11th. ValuEngine raised shares of Par Pacific from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reissued a “buy” rating and set a $23.00 target price on shares of Par Pacific in a research report on Friday, October 27th. Finally, BidaskClub downgraded shares of Par Pacific from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Par Pacific currently has a consensus rating of “Buy” and an average target price of $21.50.

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About Par Pacific

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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