Parkland Fuel Corp (TSE:PKI) – Equities researchers at Raymond James issued their Q2 2019 EPS estimates for Parkland Fuel in a note issued to investors on Wednesday, July 10th. Raymond James analyst S. Hansen expects that the company will post earnings per share of $0.47 for the quarter. Raymond James has a “Outperform” rating and a $49.00 price objective on the stock. Raymond James also issued estimates for Parkland Fuel’s Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.52 EPS, Q1 2020 earnings at $0.32 EPS, Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.44 EPS and FY2020 earnings at $1.44 EPS.
Parkland Fuel (TSE:PKI) last posted its earnings results on Wednesday, May 1st. The company reported C$0.52 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.15. The business had revenue of C$4.22 billion during the quarter, compared to the consensus estimate of C$4.81 billion.
Other analysts also recently issued reports about the stock. CIBC boosted their target price on shares of Parkland Fuel from C$48.00 to C$49.50 in a report on Friday. National Bank Financial set a C$1.90 price target on shares of Troilus Gold and gave the company an “outperform” rating in a report on Friday, May 3rd. Royal Bank of Canada set a $60.00 price target on shares of Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd. BMO Capital Markets set a C$50.00 price target on shares of Parkland Fuel and gave the company an “outperform” rating in a report on Tuesday, May 28th. Finally, Desjardins upped their price target on shares of Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$47.31.
Parkland Fuel stock opened at C$44.64 on Friday. The business has a 50-day simple moving average of C$41.69. Parkland Fuel has a twelve month low of C$31.59 and a twelve month high of C$47.45. The company has a debt-to-equity ratio of 178.39, a quick ratio of 0.79 and a current ratio of 1.25. The company has a market cap of $6.53 billion and a P/E ratio of 23.49.
In other news, Senior Officer Patricia Van De Sande sold 3,700 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the sale, the insider now owns 1,838 shares of the company’s stock, valued at approximately C$77,912.82. Also, Senior Officer Robert Berthold Espey sold 16,340 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$41.82, for a total transaction of C$683,366.58. Following the completion of the sale, the insider now directly owns 452,737 shares of the company’s stock, valued at approximately C$18,934,230.99.
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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