Seaport Global Securities Starts Par Pacific Holdings (PARR) at Buy

September 8, 2016 9:20 AM EDT
Get Alerts PARR Hot Sheet
Price: $13.46 --0%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 5 | New: 17
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Seaport Global Securities initiates coverage on Par Pacific Holdings (NYSE: PARR) with a Buy rating and a price target of $22.00.

Analyst Bo McKenzie commented, "During the past four years, PARR has assembled a portfolio of upstream, midstream and downstream assets through accretive acquisitions. We expect this trend to accelerate with the recent acquisition of a Wyoming-based refinery and infrastructure assets. We are initiating coverage of PARR with a Buy rating and a $22 price target base on our sum-of-the-parts analysis."

For an analyst ratings summary and ratings history on Par Pacific Holdings click here. For more ratings news on Par Pacific Holdings click here.

Shares of Par Pacific Holdings closed at $12.83 yesterday.

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