In a report released today, Jason Gabelman from TD Cowen maintained a Buy rating on Par Pacific Holdings, with a price target of $39.00.
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Jason Gabelman has given his Buy rating due to a combination of factors including Par Pacific Holdings’ strong cash generation prospects and strategic financial maneuvers. The company has demonstrated resilience with its indicators improving from the third quarter average, supported by the strength in Singapore markets, which helps counterbalance the typical seasonal weaknesses observed in the continental US.
Furthermore, Par Pacific Holdings is expected to generate significant cash flow in the fourth quarter of 2025 through the sale of Sustainable Aviation Fuel (SAF) and the monetization of Renewable Identification Numbers (RINs), which exceeded initial forecasts. The company’s leverage to diesel, bolstered by geopolitical factors, and its robust liquidity position, which is well above target levels, provide a solid foundation for continued financial stability and growth. These elements contribute to the positive outlook and justify the Buy rating.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PARR in relation to earlier this year.