Parkland Fuel (TSE:PKI) Sets New 12-Month High at $46.88

Parkland Fuel Corp (TSE:PKI)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$46.88 and last traded at C$46.76, with a volume of 266197 shares changing hands. The stock had previously closed at C$45.93.

PKI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Parkland Fuel from C$56.00 to C$53.00 in a research report on Tuesday. Raymond James reiterated an “outperform” rating and issued a C$49.00 price objective on shares of Parkland Fuel in a research report on Monday, September 9th. CIBC lifted their price objective on shares of Parkland Fuel from C$48.00 to C$49.50 in a research report on Friday, July 12th. National Bank Financial lifted their price objective on shares of Parkland Fuel from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Parkland Fuel from C$41.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$49.50.

The stock has a market cap of $6.89 billion and a price-to-earnings ratio of 20.69. The company has a debt-to-equity ratio of 166.65, a quick ratio of 0.75 and a current ratio of 1.18. The company’s 50 day simple moving average is C$43.63 and its 200 day simple moving average is C$42.21.

Parkland Fuel (TSE:PKI) last released its earnings results on Thursday, August 1st. The company reported C$0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.46 by C$0.24. The company had revenue of C$4.85 billion for the quarter, compared to analyst estimates of C$4.48 billion. Sell-side analysts predict that Parkland Fuel Corp will post 1.8300001 EPS for the current year.

In other Parkland Fuel news, Director Timothy Hogarth sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of C$46.04, for a total transaction of C$690,672.00. Following the transaction, the director now owns 268,538 shares of the company’s stock, valued at approximately C$12,364,778.50. Also, Senior Officer Colin Peter Kilty sold 17,394 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$13.80, for a total transaction of C$240,012.85. Following the transaction, the insider now directly owns 32,252 shares in the company, valued at approximately C$445,032.45. In the last three months, insiders have sold 37,494 shares of company stock worth $1,149,985.

About Parkland Fuel (TSE:PKI)

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

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