Insider Selling: Parkland Fuel Corp (TSE:PKI) Senior Officer Sells C$683,366.58 in Stock

Parkland Fuel Corp (TSE:PKI) Senior Officer Robert Berthold Espey sold 16,340 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of C$41.82, for a total value of C$683,366.58. Following the completion of the sale, the insider now owns 452,737 shares of the company’s stock, valued at approximately C$18,934,230.99.

Shares of Parkland Fuel stock opened at C$41.35 on Wednesday. The stock has a market capitalization of $6.12 billion and a price-to-earnings ratio of 21.76. The firm’s 50-day moving average price is C$41.10. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 178.39. Parkland Fuel Corp has a twelve month low of C$31.59 and a twelve month high of C$47.45.

Parkland Fuel (TSE:PKI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.15. The firm had revenue of C$4.22 billion for the quarter, compared to analysts’ expectations of C$4.81 billion. Sell-side analysts forecast that Parkland Fuel Corp will post 1.8995402 earnings per share for the current fiscal year.



PKI has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Parkland Fuel from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 26th. National Bank Financial increased their price target on Parkland Fuel from C$46.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. CIBC increased their price target on Parkland Fuel from C$44.00 to C$46.00 in a research note on Thursday, April 4th. BMO Capital Markets set a C$50.00 price target on Parkland Fuel and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, Desjardins raised their price objective on Parkland Fuel from C$46.00 to C$50.00 in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Parkland Fuel currently has an average rating of “Buy” and a consensus price target of C$46.86.

Parkland Fuel Company Profile

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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