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

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) hit a new 52-week low during mid-day trading on Wednesday . The company 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

A number of equities research analysts have issued reports on PARR shares. StockNews.com downgraded Par Pacific from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. TD Cowen dropped their price objective on Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Mizuho cut Par Pacific from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $26.00 to $22.00 in a research report on Monday, December 16th. The Goldman Sachs Group lowered their price objective on Par Pacific from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Finally, Raymond James assumed coverage on Par Pacific in a research note on Friday, January 24th. They set an “outperform” rating and a $25.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Par Pacific currently has a consensus rating of “Hold” and a consensus target price of $22.86.

Par Pacific Stock Up 4.2 %

The firm has a market capitalization of $707.34 million, a P/E ratio of 2.50 and a beta of 2.01. The firm’s fifty day moving average price is $16.39 and its 200-day moving average price is $17.42. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.69 and a quick ratio of 0.66.

Par Pacific (NYSE:PARR) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate 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. As a group, equities research analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Insider Activity at Par Pacific

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

Institutional Investors Weigh In On Par Pacific

Several institutional investors have recently modified their holdings of the business. GF Fund Management CO. LTD. bought a new position in Par Pacific in the fourth quarter valued at approximately $286,000. GTS Securities LLC acquired a new position in Par Pacific during the fourth quarter worth $276,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Par Pacific by 9.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,623 shares of the company’s stock worth $2,288,000 after buying an additional 11,891 shares during the last quarter. iSAM Funds UK Ltd increased its holdings in Par Pacific by 63.5% during the fourth 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 acquired a new position in shares of Par Pacific in the fourth quarter valued at $544,000. Institutional investors and hedge funds 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.