Parkland (TSE:PKI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Parkland Co. (TSE:PKI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.67 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James Financial cut their price objective on shares of Parkland from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. National Bankshares boosted their target price on shares of Parkland from C$41.00 to C$42.00 and gave the company a “tender” rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$43.25.

Parkland Trading Down 0.4%

The firm has a 50-day moving average of C$39.22 and a two-hundred day moving average of C$38.67. The firm has a market capitalization of C$6.96 billion, a P/E ratio of 20.86, a P/E/G ratio of 11.79 and a beta of 0.11. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87.

Parkland (TSE:PKI) last released its earnings results on Monday, October 27th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$7.35 billion for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%. On average, analysts anticipate that Parkland Co. will post 3.6022267 EPS for the current year.

Parkland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.6%. Parkland’s dividend payout ratio (DPR) is presently 74.87%.

Insider Buying and Selling

In related news, insider Marcel Teunissen acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average price of C$40.44 per share, with a total value of C$404,400.00. Following the purchase, the insider directly owned 76,731 shares in the company, valued at approximately C$3,103,001.64. This trade represents a 14.99% increase in their ownership of the stock. 20.51% of the stock is currently owned by insiders.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.