Parkland (TSE:PKI) Shares Pass Above 200 Day Moving Average – What’s Next?

Parkland Co. (TSE:PKI) shares 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 traded.

Analysts Set New Price Targets

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

Parkland Stock Performance

The firm has a market capitalization of C$6.96 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 11.79 and a beta of 0.11. The company has a 50-day moving average of C$39.22 and a 200-day moving average of C$38.67. 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 quarterly earnings results on Monday, October 27th. The company reported C$0.73 EPS for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%.The firm had revenue of C$7.35 billion for the quarter. On average, equities analysts anticipate that Parkland Co. will post 3.6022267 earnings per share for the current fiscal year.

Parkland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.6%. Parkland’s dividend payout ratio is presently 74.87%.

Insider Transactions at Parkland

In other news, insider Marcel Teunissen purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average price of C$40.44 per share, for a total transaction of C$404,400.00. Following the transaction, the insider owned 76,731 shares of the company’s stock, valued at approximately C$3,103,001.64. This trade represents a 14.99% increase in their ownership of the stock. Insiders own 20.51% of the company’s stock.

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.