In a report issued on October 16, Brad Heffern from RBC Capital maintained a Hold rating on Par Pacific Holdings (PARR), with a price target of $7.00. The company’s shares closed last Friday at $7.28, close to its 52-week low of $5.72.
According to TipRanks.com, Heffern ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.9% and a 36.0% success rate. Heffern covers the Utilities sector, focusing on stocks such as Continental Resources, Marathon Petroleum, and Delek US Holdings.
Currently, the analyst consensus on Par Pacific Holdings is a Moderate Sell with an average price target of $8.00.
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Based on Par Pacific Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $515 million and GAAP net loss of $40.56 million. In comparison, last year the company earned revenue of $1.41 billion and had a net profit of $28.17 million.
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Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. It operates through the following three segments: Refining, Retail and Logistics. The Refining segment involves the production of sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products. The Retail segment engages in the sale of gasoline, diesel, and retail merchandise. The Logistics segment owns and operates terminals, pipelines, single-point mooring and trucking operations to distribute refined products. The company was founded on December 21, 1984 and is headquartered in Houston, TX.
