Par Pacific (PARR) Upgraded to Outperform by Mizuho After Q1

Par Pacific Holdings, Inc. (NYSE:PARR) is one of the Top 10 Hot Stocks with the Highest Upside Potential. On May 27, Mizuho upgraded its rating on Par Pacific Holdings, Inc. (NYSE:PARR) from Neutral to Outperform and raised the price target from $58 to $79.

The research firm pointed to the company’s strong Q1 2026 results, a favorable distillate-driven margin backdrop, and “optionality” from small refinery exemption-related benefits.

Par Pacific (PARR) Upgraded to Outperform by Mizuho After Q1

In Q1 2026, Par Pacific Holdings, Inc. (NYSE:PARR) reported net income attributable to shareholders of $54.5 million, or $1.10 per diluted share. This marked a significant improvement from a net loss of $30.4 million, or $0.57 per diluted share, in the same quarter of 2025. Adjusted EBITDA also increased sharply and reached $91.5 million, compared with $10.1 million in the first quarter of 2025.

The company achieved record refining throughput in Hawaii of 89.8 Mbpd. Par Pacific Holdings, Inc.’s (NYSE:PARR) Hawaii renewable fuels facility also began commercial operations in April. In addition, Par Pacific repurchased $28.0 million worth of its common stock at an average price of $37.96 per share during the quarter.

Par Pacific Holdings, Inc. (NYSE:PARR) is an energy company that provides both conventional and renewable fuels to the western United States.

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