{
  "id": 3522130,
  "title": "UBS reiterates Par Pacific stock rating on asset sale agreement",
  "url": "https://urgent.news/2026/08/26/ubs-reiterates-par-pacific-stock-rating-on-asset-sale-agreement",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T14:14:54.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/ubs-reiterates-par-pacific-stock-rating-on-asset-sale-agreement-93CH-4877464"
  },
  "original_language": "en",
  "account": "UBS has reaffirmed its Neutral rating and $65.00 price target for Par Pacific Holdings (NYSE:PARR) following the company's announcement of an asset sale agreement. Laramie Energy, a 46% non-controlling interest held by Par Pacific, has reached an agreement with a third-party buyer to sell its oil and gas assets for $485 million in cash. The deal includes a $60 million payment on the fifth anniversary of the closing date, and potential price-contingent earn-out payments of up to $65 million following the first through fifth anniversaries. UBS analyst Manav Gupta kept Par Pacific's rating the same and maintained the price target at $65.00, even though the stock is currently trading at $73.93. The stock has delivered a 129% return over the past year, and InvestingPro analysis suggests it remains undervalued with upside potential. Par Pacific's second-quarter 2026 profit increased significantly, beating expectations with adjusted earnings of $10.10 per share on $2.97 billion in revenue. The company attributes this success to improved refining margins and robust plant operations, resulting in a notable rise in Adjusted EBITDA to $571 million. Despite the positive earnings, Par Pacific's stock fell in after-hours trading, prompting investors to question the sustainability of this performance.",
  "summary": null,
  "key_points": [
    "UBS maintains Neutral rating and $65 price target for Par Pacific",
    "Laramie Energy to sell assets for $485 million in cash",
    "Deal includes $60M upfront and up to $65M earn-outs"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}