Shares of Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.50.

A number of brokerages have recently issued reports on PARR. Seaport Global Securities upgraded Par Pacific from a “neutral” rating to a “buy” rating and increased their target price for the company from $19.00 to $22.00 in a research report on Monday, September 11th. Zacks Investment Research lowered Par Pacific from a “buy” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Mizuho reiterated a “buy” rating and set a $23.00 target price on shares of Par Pacific in a research report on Friday, October 27th. BidaskClub lowered Par Pacific from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, Cowen reiterated a “buy” rating and set a $20.00 target price on shares of Par Pacific in a research report on Tuesday, October 17th.

In other Par Pacific news, major shareholder Whitebox Advisors Llc sold 394,022 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $18.49, for a total value of $7,285,466.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,649,925 shares of company stock worth $53,526,696 in the last quarter. Insiders own 2.80% of the company’s stock.

Several large investors have recently modified their holdings of PARR. Cubist Systematic Strategies LLC acquired a new stake in shares of Par Pacific during the 3rd quarter worth about $254,000. Jane Street Group LLC purchased a new position in Par Pacific during the 3rd quarter valued at about $272,000. Highbridge Capital Management LLC purchased a new position in Par Pacific during the 3rd quarter valued at about $461,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Par Pacific during the 3rd quarter valued at about $706,000. Finally, Sterling Capital Management LLC purchased a new position in Par Pacific during the 3rd quarter valued at about $910,000. 83.57% of the stock is owned by hedge funds and other institutional investors.

Par Pacific (NYSEAMERICAN:PARR) traded up $0.04 on Friday, hitting $20.28. 386,900 shares of the stock traded hands, compared to its average volume of 266,219. Par Pacific has a 12-month low of $12.96 and a 12-month high of $21.94. The company has a current ratio of 1.09, a quick ratio of 0.35 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $950.37, a P/E ratio of 13.30 and a beta of 0.39.

Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Monday, November 6th. The oil and gas company reported $0.55 earnings per share for the quarter, topping 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 company had revenue of $610.51 million for the quarter, compared to the consensus estimate of $655.80 million. research analysts expect that Par Pacific will post 1.33 EPS for the current fiscal year.

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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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