Price Action Don’t Lie: After Today’s Significant Increase, Is Par Pacific Holdings, Inc.’s Near-Term Analysis Positive?

Price Action Don't Lie: After Today's Significant Increase, Is Par Pacific Holdings, Inc.'s Near Term Analysis Positive?

The stock of Par Pacific Holdings, Inc. (NYSEMKT:PARR) is a huge mover today! The stock increased 8.12% or $1.04 on November 3, hitting $13.84. About 444,079 shares traded hands or 42.36% up from the average. Par Pacific Holdings, Inc. (NYSEMKT:PARR) has declined 31.70% since April 1, 2016 and is downtrending. It has underperformed by 32.91% the S&P500.
The move comes after 9 months positive chart setup for the $582.52M company. It was reported on Nov, 3 by Barchart.com. We have $20.90 PT which if reached, will make NYSEMKT:PARR worth $297.09M more.

Par Pacific Holdings, Inc. (NYSEMKT:PARR) Ratings Coverage

Out of 6 analysts covering Par Pacific (NYSEMKT:PARR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Par Pacific has been the topic of 7 analyst reports since November 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Miller Tabak to “Hold” on Monday, November 23. The stock of Par Pacific Holdings, Inc. (NYSEMKT:PARR) earned “Market Perform” rating by Cowen & Co on Friday, June 10. The stock of Par Pacific Holdings, Inc. (NYSEMKT:PARR) earned “Outperform” rating by Imperial Capital on Wednesday, May 18. As per Friday, May 20, the company rating was initiated by Sterne Agee CRT. The company was initiated on Thursday, January 28 by Imperial Capital. Mizuho initiated Par Pacific Holdings, Inc. (NYSEMKT:PARR) rating on Thursday, October 6. Mizuho has “Buy” rating and $20 price target. The stock of Par Pacific Holdings, Inc. (NYSEMKT:PARR) earned “Buy” rating by Seaport Global Securities on Thursday, September 8.

According to Zacks Investment Research, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas.”

More notable recent Par Pacific Holdings, Inc. (NYSEMKT:PARR) news were published by: Marketwatch.com which released: “Par Pacific upgraded to outperform from market perform at Cowen & Co.” on May 05, 2011, also Prnewswire.com with their article: “Par Pacific Holdings Announces Third Quarter 2016 Earnings Release and …” published on October 17, 2016, Prnewswire.com published: “Par Pacific Holdings Reports Third Quarter 2016 Results” on November 02, 2016. More interesting news about Par Pacific Holdings, Inc. (NYSEMKT:PARR) were released by: Prnewswire.com and their article: “Par Pacific Holdings Announces Launch Of $50 Million Common Stock Rights Offering” published on August 26, 2016 as well as Prnewswire.com‘s news article titled: “Par Pacific Holdings Announces Intent To Launch $50 Million Common Stock …” with publication date: August 15, 2016.

PARR Company Profile

Par Pacific Holdings, Inc., formerly Par Petroleum Corporation, incorporated on November 7, 2005, manages and maintains interests in energy and infrastructure businesses. The Company’s divisions include Refining, Retail, Logistics, Texadian, and Corporate and Other. The Company’s Refining segment consists of a refinery in Kapolei, Hawaii produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel and other associated refined products primarily for consumption in Hawaii. The Company’s Retail segment consists of retail outlets, which sell gasoline, diesel and retail merchandise throughout the island of Oahu, as well as the neighboring islands of Maui, Hawaii and Kauai. The Company’s retail network includes Tesoro and “76” branded retail sites, company-operated convenience stores, sites operated in cooperation with 7-Eleven and other sites operated by third parties. The Company’s Logistics segment owns and operates terminals, pipelines, a single-point mooring and trucking activities to distribute refined products throughout the island of Oahu as well as the neighboring islands of Maui, Hawaii, Molokai and Kauai. The Texadian segment focuses on sourcing, marketing, transporting and distributing crude oil and refined products in the United States and Canada, and the Corporate and Other segment includes various non-operated gas and oil interests.

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