Par Pacific Upgraded to Buy at Goldman Sachs

Investment bank boosts price target on refiner's stock to $77 from $53

Apr. 13, 2026 at 6:52am

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An abstract, cinematic close-up of heavy, industrial machinery and equipment used in the energy sector, conveying a sense of the complex, physical nature of the business.The upgrade of Par Pacific's stock signals Wall Street's faith in the energy company's ability to leverage its industrial assets and infrastructure to drive growth.Salt Lake City Today

The Goldman Sachs Group has upgraded shares of Par Pacific (NYSE:PARR) from a neutral rating to a buy rating, raising the price target on the stock to $77 from the previous target of $53. Several other brokerages have also recently weighed in on Par Pacific, with most issuing positive ratings and price target increases.

Why it matters

This upgrade and price target hike from a major investment bank like Goldman Sachs signals increased confidence in Par Pacific's business outlook and growth potential. As one of the leading independent refiners in the Western U.S., Par Pacific's performance is closely watched by investors and analysts in the energy sector.

The details

In its report, Goldman Sachs cited Par Pacific's strong refining margins and improving operational efficiency at its refineries in Hawaii and Utah. The investment bank believes Par Pacific is well-positioned to capitalize on favorable market conditions in the downstream energy space.

  • The Goldman Sachs upgrade was published on Friday, April 13, 2026.

The players

Par Pacific

An independent refiner and marketer of petroleum products, operating refineries in Hawaii and Utah.

The Goldman Sachs Group

A leading global investment banking, securities, and investment management firm.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This upgrade from Goldman Sachs underscores Par Pacific's strong positioning in the refining industry, with the company's operational improvements and favorable market conditions driving increased investor confidence in its growth prospects.