Parkland Fuel (PKI) Hits New 52-Week High at $33.16

Parkland Fuel Corp (TSE:PKI) reached a new 52-week high on Wednesday . The stock traded as high as C$33.16 and last traded at C$32.94, with a volume of 50096 shares. The stock had previously closed at C$32.57.

Several equities research analysts have weighed in on the company. Scotiabank upped their target price on Parkland Fuel from C$32.50 to C$34.50 and gave the stock an “outperform” rating in a research note on Thursday, May 3rd. Royal Bank of Canada upped their target price on Parkland Fuel from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Friday, May 4th. National Bank Financial upped their target price on Parkland Fuel from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. TD Securities upped their target price on Parkland Fuel from C$37.00 to C$38.00 and gave the stock an “action list buy” rating in a research note on Friday, May 4th. Finally, CIBC upped their target price on Parkland Fuel from C$36.00 to C$37.50 in a research note on Friday, May 4th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$36.57.

Parkland Fuel (TSE:PKI) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported C$0.15 EPS for the quarter, beating the Zacks’ consensus estimate of C($0.03) by C$0.18. Parkland Fuel had a return on equity of 3.28% and a net margin of 0.49%. The company had revenue of C$3.34 billion during the quarter, compared to analysts’ expectations of C$3.28 billion.

In other news, insider De Sande Patricia Van sold 8,735 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of C$30.95, for a total value of C$270,348.25. Also, insider Richard Lorne Begg sold 18,264 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of C$31.50, for a total value of C$575,316.00.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

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