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Stock impact report

Is Pacific Holdings (PARR) Among the Energy Stocks that Fell This Week? [Yahoo! Finance]

Par Pacific Holdings, Inc. (PARR) 
NASDAQ:AMEX Investor Relations: parpacific.com/profile
Company Research Source: Yahoo! Finance
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. On January 12, Piper Sandler lowered the firm's price target on Par Pacific Holdings, Inc. (NYSE:PARR) from $59 to $57, while keeping an ‘Overweight' rating on the shares. The analyst expects the American refining sector to witness the greatest near-term impact of the US action in Venezuela, as the Gulf Coast refineries are well-equipped to refine the sour, heavy crude coming from the South American country. The analyst believes that the current crude flow from Venezuela to the Gulf Coast could be raised from the current 200,000 barrels per day to over 400,000 barrels per day, with the help of a combination of US involvement and sanctions relief. The revision comes a few days after Piper Sandler had already cut its price target on PARR from $62 to $59 on January 8. Par Pacific Holdings, Inc. (NYSE:PARR) p Show less Read more
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