Oppenheimer analyst Tim Rezvan maintained a Buy rating on Par Pacific Holdings (PARR) yesterday and set a price target of $22. The company’s shares closed on Friday at $17.06.
Rezvan noted:
“Par Pacific Holdings reports 4Q18 earnings after the close on Tues., 3/5. Ahead of earnings, we make minor modeling adjustments for 4Q18 and future periods. The significant volatility in oil prices and regional price differentials created refining challenges from less severe feedstock discounts, while providing outsized 4Q18 retail margins amid falling oil prices. With volatility abating, at least in the short term, attention should focus on the FCF generation of the new entity at mid-cycle crack spreads, as well as optionality in the new Tacoma refinery to respond to short-term trends in Rockies crude and Canada oil differentials.”
According to TipRanks.com, Rezvan is a 2-star analyst with an average return of 0.1% and a 50.4% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Oasis Petroleum Inc.
Par Pacific Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $22.
See today’s analyst top recommended stocks >>
Par Pacific Holdings’ market cap is currently $784.9M and has a P/E ratio of 17.78. The company has a Price to Book ratio of 1.64.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The company operates through the following segments: Refining, Retail and Logistics. The Refining segment involves the production of sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
