Par Pacific upgraded, PBF Energy cut at J.P. Morgan in flip of refining names [Seeking Alpha]
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
Company Research
Source: Seeking Alpha
has over-corrected in its greater than 50% decline YTD, reflecting a difficult environment for diesel cracks, where the company has a group-high exposure, and Asia cracks, where it is also highly exposed. Following the closing of the Billings acquisition, Par Pacific ( PARR ) has been aggressive on its share buybacks, which JPM analyst John Royall expects to continue as the stock has dropped sharply to a valuation that is now highly attractive. PBF Energy ( NYSE: PBF as Royall downgrades the refining peer to Neutral from Overweight with a $40 PT, given its high exposure to refining cracks and to the West Coast, while recognizing that the company is better prepared for cyclical troughs than in the past given its recently strengthened balance sheet. The analyst says he favors large-cap refiners as a safety trade in a trough-like environment, remaining Overweight on Valero Energy ( VLO ) and Phillips 66 ( PSX Recommended For You Comments More Trending News Recommended For Y
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PARR
News
- Par Pacific Holdings' (NYSE:PARR) Problems Go Beyond Weak Profit [Yahoo! Finance]Yahoo! Finance
- Par Pacific Holdings, Inc. (NYSE: PARR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Par Pacific: Rolling The Dice With Debt-Funded Share Buybacks [Seeking Alpha]Seeking Alpha
- Par Pacific Holdings, Inc. (NYSE: PARR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Par Pacific Holdings Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
PARR
Earnings
- 11/4/24 - Beat
PARR
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- PARR's page on the SEC website