Today: Analysts Expect Par Pacific Holdings, Inc. (PARR) to Post $0.03 Earnings Per Share

Today: Analysts Expect Par Pacific Holdings, Inc. (PARR) to Post $0.03 Earnings Per Share

Par Pacific Holdings, Inc. (NASDAQ:PARR) has been given an average broker rating score of 1.00 (Strong Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Five investment analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus target price of $21.86 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Par Pacific Holdings an industry rank of 212 out of 265 based on the ratings given to related companies.

A number of analysts have recently weighed in on PARR shares. Seaport Global Securities started coverage on Par Pacific Holdings in a research note on Thursday, September 8th. They issued a “buy” rating and a $22.00 target price for the company. Mizuho started coverage on Par Pacific Holdings in a research note on Thursday, October 6th. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research upgraded Par Pacific Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, November 16th. Finally, Miller Tabak upgraded Par Pacific Holdings from a “hold” rating to a “strong-buy” rating and raised their target price for the company from $24.00 to $25.30 in a research note on Wednesday, August 3rd.

In related news, Director Melvyn N. Klein bought 4,000 shares of Par Pacific Holdings stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $13.05 per share, for a total transaction of $52,200.00. Following the completion of the acquisition, the director now owns 23,339 shares in the company, valued at $304,573.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Whitebox Advisors Llc sold 105,700 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $14.65, for a total value of $1,548,505.00. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of PARR. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Par Pacific Holdings during the second quarter worth about $1,185,000. Nationwide Fund Advisors boosted its position in shares of Par Pacific Holdings by 15.3% in the second quarter. Nationwide Fund Advisors now owns 34,057 shares of the company’s stock worth $522,000 after buying an additional 4,508 shares during the period. SECOR Capital Advisors LP boosted its position in shares of Par Pacific Holdings by 111.7% in the second quarter. SECOR Capital Advisors LP now owns 38,955 shares of the company’s stock worth $598,000 after buying an additional 20,558 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Par Pacific Holdings by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 268,001 shares of the company’s stock worth $4,111,000 after buying an additional 48,490 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Par Pacific Holdings by 74.5% in the second quarter. Brown Advisory Inc. now owns 1,931,828 shares of the company’s stock worth $29,634,000 after buying an additional 824,685 shares during the period.

Par Pacific Holdings (NASDAQ:PARR) traded up 0.97% during mid-day trading on Monday, reaching $14.60. 34,514 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $14.01 and a 200-day moving average price of $14.41. The stock’s market cap is $664.39 million. Par Pacific Holdings has a 52 week low of $12.18 and a 52 week high of $25.69.

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