In a report released yesterday, T J Schultz from RBC Capital maintained a Hold rating on Par Pacific Holdings (PARR), with a price target of $13.00. The company’s shares closed last Thursday at $13.40.
According to TipRanks.com, Schultz is a 5-star analyst with an average return of 12.8% and a 62.6% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Oasis Midstream Partners, and NGL Energy Partners.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Par Pacific Holdings with a $11.67 average price target, a -11.6% downside from current levels. In a report issued on December 15, Goldman Sachs also downgraded the stock to Hold with a $14.00 price target.
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Based on Par Pacific Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $690 million and GAAP net loss of $14.27 million. In comparison, last year the company earned revenue of $1.4 billion and had a GAAP net loss of $83.89 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.
