JPMorgan Raises Par Pacific Price Target to $77

Analysts see upside potential for the refining and marketing company.

Apr. 11, 2026 at 10:48am

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A cinematic close-up of heavy, industrial refining equipment and machinery, with a focus on the intricate, textured metal components and gears, conveying a sense of power and precision in the energy industry.An extreme close-up of the complex machinery powering Par Pacific's refining operations hints at the company's industrial might and technological capabilities.Salt Lake City Today

JPMorgan Chase & Co. has raised its price target for Par Pacific (NYSE: PARR) from $48 to $77, maintaining an overweight rating on the stock. The move comes as several analysts have issued positive assessments of the refining and marketing company, with the majority rating the stock a 'Moderate Buy' with an average price target of $67.

Why it matters

Par Pacific's stock price increase reflects growing investor confidence in the company's ability to navigate the evolving energy market. As a diversified downstream energy firm, Par Pacific's refining, marketing, and logistics operations position it to capitalize on shifting demand for petroleum products.

The details

JPMorgan cited Par Pacific's strong operational performance and growth potential as reasons for the price target increase. The company has seen its stock rise steadily in recent months, with several analysts upgrading their ratings and price targets. Par Pacific operates refineries in Hawaii and Utah, as well as a network of branded and unbranded wholesale accounts across the U.S.

  • JPMorgan issued the new price target on April 11, 2026.
  • Par Pacific reported its latest quarterly earnings on February 24, 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company that provides research coverage on Par Pacific.

Par Pacific

A diversified downstream energy company engaged in refining, marketing, and logistics of petroleum products, operating refineries in Hawaii and Utah.

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What’s next

Investors will be closely watching Par Pacific's upcoming quarterly earnings report and any further analyst updates on the company's performance and growth prospects.

The takeaway

The increase in Par Pacific's price target reflects the company's strong operational execution and the energy sector's evolving dynamics, which are creating new opportunities for diversified downstream players like Par Pacific.