12 Best Oil Refinery Stocks To Invest In According to Analysts

1. Par Pacific Holdings, Inc. (NYSE:PARR)

Stock Upside Potential: 46.28%

Topping our list of the Best Oil Refinery Stocks According to Analysts is Par Pacific Holdings, Inc. (NYSE:PARR), a growth-oriented company that owns and operates market-leading energy and infrastructure businesses in logistically complex markets. The company owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage, and marine, rail, rack, and pipeline assets.

Par Pacific Holdings, Inc. (NYSE:PARR) reported an adjusted net loss of $5.5 million, or $0.1 per share in Q3 2024, though it beat market expectations by $0.02. The company’s revenue also declined by almost 16.9% to $2.14 billion, beating estimates by over $260.5 million. Net cash from operations during Q3 totaled $79 million and the company ended the quarter with $633 million in liquidity while repurchasing $22 million of common stock. The company is currently working on a cost-cutting program and is targeting to reduce its 2025 fixed operating expenses by $30-40 million, positioning itself to thrive in both high-cycle and low-cycle environments. It also broke ground on a Sustainable Aviation Fuel (SAF) project in Hawaii as part of its strategic growth initiatives and is on track for startup in the second half of 2025.

Shares of Par Pacific Holdings, Inc. (NYSE:PARR) were held by 22 hedge funds in the IM database at the end of Q4 2024, with Millennium Management holding the largest stake worth over $31.74 million.

Overall, Par Pacific Holdings, Inc. (NYSE:PARR) ranks first on our list of the best oil refinery stocks to invest in according to analysts. While we acknowledge the potential for PARR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PARR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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