Par Pacific (NYSE:PARR) Hits New 12-Month Low – Should You Sell?

Par Pacific Holdings, Inc. (NYSE:PARR)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.08 and last traded at $12.35, with a volume of 112682 shares trading hands. The stock had previously closed at $12.48.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PARR. Raymond James assumed coverage on Par Pacific in a research report on Friday, January 24th. They set an “outperform” rating and a $25.00 target price on the stock. The Goldman Sachs Group cut their price objective on shares of Par Pacific from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their target price on shares of Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. TD Cowen dropped their price target on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Mizuho lowered shares of Par Pacific from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.86.

Par Pacific Stock Performance

The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $656.98 million, a PE ratio of 2.32 and a beta of 2.01. The firm’s 50-day simple moving average is $16.53 and its 200-day simple moving average is $17.49.

Par Pacific (NYSE:PARR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.64). Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.68 billion. On average, research analysts predict that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Insider Activity at Par Pacific

In other news, Director William Pate sold 67,700 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $16.22, for a total value of $1,098,094.00. Following the completion of the sale, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Par Pacific

A number of large investors have recently bought and sold shares of PARR. GF Fund Management CO. LTD. purchased a new stake in shares of Par Pacific during the 4th quarter worth $286,000. GTS Securities LLC purchased a new stake in shares of Par Pacific during the fourth quarter valued at about $276,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Par Pacific by 9.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,623 shares of the company’s stock valued at $2,288,000 after buying an additional 11,891 shares in the last quarter. iSAM Funds UK Ltd grew its position in shares of Par Pacific by 63.5% in the 4th quarter. iSAM Funds UK Ltd now owns 19,697 shares of the company’s stock worth $323,000 after buying an additional 7,651 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Par Pacific during the fourth quarter valued at approximately $544,000. Institutional investors own 92.15% of the company’s stock.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.