Why Did Par Pacific Plunge 10.14%? Analysts Downgrade

On April 4, 2025, Par Pacific's stock experienced a significant drop of 10.14% in pre-market trading, sparking concerns among investors and analysts alike.

One of the key factors contributing to the decline was the downgrade by Goldman Sachs, which reduced its target price for Par Pacific from $20.00 to $18.00 and maintained a "neutral" rating on the stock. This adjustment reflects a cautious outlook on the company's near-term prospects.

Additionally, Mizuho downgraded Par Pacific from an "outperform" rating to a "neutral" rating, further adding to the negative sentiment surrounding the stock. This downgrade suggests that analysts are becoming more conservative in their assessments of the company's performance.

Despite these challenges, Par Pacific reported better-than-expected earnings for the fourth quarter of 2024. The company's adjusted EPS of -$0.79 exceeded expectations by $0.18, indicating that there may be underlying strengths in its operations that could support a recovery in the stock price.