Parkland (TSE:PKI) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.91 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial decreased their price target on Parkland from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Parkland currently has an average rating of “Hold” and an average target price of C$43.25.

Parkland Trading Down 0.4%

The firm has a market capitalization of C$6.96 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 11.79 and a beta of 0.11. The stock’s 50-day moving average price is C$39.71 and its 200 day moving average price is C$38.91. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73.

Parkland (TSE:PKI) last released its quarterly earnings data 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 company had revenue of C$7.35 billion for the quarter. On average, sell-side analysts expect that Parkland Co. will post 3.6022267 EPS for the current fiscal year.

Insider Buying and Selling at Parkland

In other Parkland news, insider Chad Jason Graves bought 12,500 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were acquired at an average price of C$41.00 per share, with a total value of C$512,500.00. Following the transaction, the insider owned 18,173 shares of the company’s stock, valued at approximately C$745,093. This trade represents a 220.34% increase in their position. Also, insider Marcel Teunissen acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were acquired at an average price of C$40.44 per share, for a total transaction of C$404,400.00. Following the completion of the purchase, the insider owned 76,731 shares of the company’s stock, valued at approximately C$3,103,001.64. This represents a 14.99% increase in their position. In the last quarter, insiders have acquired 47,500 shares of company stock valued at $1,936,900. Company insiders own 20.51% of the company’s stock.

Parkland Company Profile

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.