Why Analysts Think Par Pacific (PARR) Could Surprise From Here

Par Pacific Holdings, Inc. (NYSE:PARR) is among the 13 Best Crude Oil Stocks to Buy According to Analysts.

On April 10, Goldman Sachs upgraded Par Pacific Holdings, Inc. (NYSE:PARR) to Buy from Neutral and raised its price target to $77 from $53. The firm expects strong positive estimate revisions driven by earnings strength in Hawaii and what it described as underappreciated mainland refining assets. Goldman also highlighted the integrated nature of Par Pacific’s business model, which it believes can generate more stable cash flow during volatile macro conditions.

Two days earlier, JPMorgan raised its price target on Par Pacific Holdings, Inc. (NYSE:PARR) to $77 from $48 and maintained an Overweight rating. The bank expects refiners to benefit from significant tailwinds as crack spreads improve following the Iran conflict. Importantly, JPMorgan specifically noted that Par Pacific’s Hawaii exposure positions it to benefit from tightening fuel markets in the Singapore region, giving the company a unique earnings advantage versus many domestic-only peers.

Par Pacific Holdings, Inc. (NYSE:PARR), originally incorporated in 1984 and formerly known as Par Petroleum Corporation, operates a diversified portfolio spanning refining, logistics, marketing, and retail. Its footprint across Hawaii, the Pacific Northwest, and the Rocky Mountain region gives it access to geographically distinct markets with supply advantages and attractive niche dynamics.

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