Par Pacific Holdings (PARR) – Among the 7 Energy Stocks that Just Hit New All-Time Highs

Par Pacific Holdings, Inc. (NYSE:PARR) is included among the 7 Energy Stocks that Just Hit New All-Time Highs.

Par Pacific Holdings, Inc. (NYSE:PARR) is a growth-oriented company that owns and operates market-leading energy and infrastructure businesses in logistically complex markets.

With a presence in four key regions across the country, Par Pacific Holdings, Inc. (NYSE:PARR) has evolved into one of the largest and most geographically diversified refiners in the United States. The stock rallied to a new high this month, capitalizing on the soaring oil prices amid the US-Iran war, as the company’s vertically integrated operations are situated within self-sufficient markets with limited exposure to disruptions.

Par Pacific Holdings, Inc. (NYSE:PARR) has also benefited from the rising amounts of Venezuelan crude flowing into the US Gulf Coast refineries, as it has led to a discount on the Canadian crude shipments heading towards the Mid-Continent and created a large cost advantage for the company’s refineries in the region.

Moreover, Par Pacific Holdings, Inc. (NYSE:PARR) also received a list from the positive attention it recently attracted from analysts. The stock received price target boosts from Piper Sandler, JPMorgan, and UBS, as well as a rating upgrade from Goldman Sachs earlier this month.

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