Par Pacific (NYSE:PARR) Stock Price Down 6.2% – Should You Sell?

Par Pacific Holdings, Inc. (NYSE:PARR) traded down 6.2% during mid-day trading on Wednesday . The stock traded as low as $41.22 and last traded at $41.3610. 373,794 shares were traded during trading, a decline of 73% from the average session volume of 1,380,146 shares. The stock had previously closed at $44.09.

Wall Street Analyst Weigh In

Several research analysts recently commented on PARR shares. Cowen reiterated a “buy” rating on shares of Par Pacific in a report on Thursday, August 7th. UBS Group raised their price target on Par Pacific from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Zacks Research raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. TD Cowen lowered their target price on Par Pacific from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Finally, The Goldman Sachs Group lifted their price target on Par Pacific from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.00.

Par Pacific Trading Down 7.2%

The company has a quick ratio of 0.56, a current ratio of 1.42 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -146.13 and a beta of 1.74. The business has a 50-day moving average of $36.80 and a two-hundred day moving average of $30.07.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $3.97. Par Pacific had a negative return on equity of 1.79% and a negative net margin of 0.25%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company earned ($0.10) EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Insider Transactions at Par Pacific

In other Par Pacific news, SVP Terrill Pitkin sold 5,164 shares of Par Pacific stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $27.97, for a total transaction of $144,437.08. Following the sale, the senior vice president owned 41,223 shares in the company, valued at $1,153,007.31. The trade was a 11.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Creamer sold 15,848 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $41.22, for a total transaction of $653,254.56. Following the completion of the transaction, the executive vice president owned 54,654 shares of the company’s stock, valued at approximately $2,252,837.88. This represents a 22.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 41,802 shares of company stock valued at $1,516,303 over the last 90 days. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Par Pacific

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of Par Pacific by 175.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,181 shares of the company’s stock worth $31,000 after buying an additional 753 shares in the last quarter. Signaturefd LLC raised its stake in Par Pacific by 70.2% during the first quarter. Signaturefd LLC now owns 2,391 shares of the company’s stock worth $34,000 after acquiring an additional 986 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Par Pacific during the first quarter worth $35,000. Parallel Advisors LLC lifted its holdings in shares of Par Pacific by 232.9% during the second quarter. Parallel Advisors LLC now owns 1,325 shares of the company’s stock valued at $35,000 after acquiring an additional 927 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Par Pacific by 157.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,596 shares of the company’s stock valued at $42,000 after purchasing an additional 976 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

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.