Parkland Fuel Corp (TSE:PKI) – Investment analysts at National Bank Financial lowered their FY2019 earnings per share (EPS) estimates for Parkland Fuel in a note issued to investors on Monday, May 13th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.60 per share for the year, down from their previous estimate of $1.81. National Bank Financial has a “Outperform” rating and a $50.00 price objective on the stock. National Bank Financial also issued estimates for Parkland Fuel’s FY2020 earnings at $1.45 EPS.
A number of other equities analysts have also commented on the stock. CIBC raised their price target on shares of Parkland Fuel from C$46.00 to C$48.00 in a research report on Friday, May 3rd. Royal Bank of Canada raised their price target on shares of Parkland Fuel from C$40.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Desjardins raised their price target on shares of Parkland Fuel from C$46.00 to C$50.00 in a research report on Friday, May 3rd. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Parkland Fuel in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Parkland Fuel presently has a consensus rating of “Buy” and a consensus target price of C$46.33.
Parkland Fuel (TSE:PKI) last released its quarterly earnings results on Thursday, February 28th. The company reported C$0.57 EPS for the quarter, missing analysts’ consensus estimates of C$0.64 by C($0.07). The company had revenue of C$3.53 billion for the quarter, compared to analyst estimates of C$3.61 billion.
About Parkland Fuel
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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