UBS analyst Manav Gupta has revised the outlook for Par Pacific Holdings, Inc. (PARR, Financial), reducing the company's price target to $14.75 from the previous $20. This adjustment comes as part of a preview of the company's first-quarter earnings.
Despite the change in price target, Gupta maintains a Neutral rating on Par Pacific shares, indicating a wait-and-see approach until further financial updates are provided. Investors will closely monitor the upcoming earnings release to assess the company's financial health and strategic direction.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Par Pacific Holdings Inc (PARR, Financial) is $19.17 with a high estimate of $25.00 and a low estimate of $15.00. The average target implies an upside of 54.88% from the current price of $12.38. More detailed estimate data can be found on the Par Pacific Holdings Inc (PARR) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Par Pacific Holdings Inc's (PARR, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Par Pacific Holdings Inc (PARR, Financial) in one year is $23.65, suggesting a upside of 91.11% from the current price of $12.375. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Par Pacific Holdings Inc (PARR) Summary page.
