J.P. Morgan Sticks to Its Buy Rating for Par Pacific Holdings (PARR)
J.P. Morgan analyst Zach Parham maintained a Buy rating on Par Pacific Holdings today and set a price target of $48.00.
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According to TipRanks, Parham is a 4-star analyst with an average return of 9.8% and a 66.67% success rate. Parham covers the Energy sector, focusing on stocks such as Expand Energy, Matador Resources, and Phillips 66.
In addition to J.P. Morgan, Par Pacific Holdings also received a Buy from TipRanks – Google’s Google Oil and Gas Refining and Marketing in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Par Pacific Holdings (NYSE: PARR).
Based on Par Pacific Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a net profit of $77.7 million. In comparison, last year the company earned a revenue of $1.83 billion and had a GAAP net loss of $55.7 million
Read More on PARR:
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- Par Pacific price target raised to $48 from $39 at TD Cowen
- Execution Risks at Par Pacific: Hawaii Renewable Fuels JV Faces Delay, Governance and Cash Flow Uncertainty
- Par Pacific reports Q4 adjusted EPS $1.17, consensus $1.28
- PARR Earnings this Week: How Will it Perform?
- Par Pacific price target lowered to $57 from $59 at Piper Sandler
