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.
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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