Parkland - PKI Stock Forecast, Price & News

Parkland Corporation operates food and convenience stores in Canada, the United States, the Caribbean region, and Central and South America. The company operates through four segments: Canada, USA, Supply, and International. The Canada segment owns, operates, supports, and distributes a coast-to-coast network of retail convenience, food, and fuel sites, as well as commercial cardlocks and bulk fuel facilities; and provides propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers. It operates 1,812 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, and Pioneer brands; and a convenience store under the On the Run brand. This segment also delivers bulk fuel, bulk and cylinder exchange propane, heating oil, lubricants, and other related products and services to customers in oil and gas, construction, mining, forestry, fishing, and transportation industries under the Ultramar, Bluewave Energy, Pipeline Commercial, Chevron, Columbia Fuels, and Sparlings Propane brands. The International segment operates retail service stations under the Esso, Shell, and Sol brands; and delivers and supplies gasoline, diesel, fuel oil, propane, and lubricants. This segment also provides commercial solar and other renewable energy solutions. The USA segment operates a network of gas stations; and delivers bulk fuel, lubricants, and other related products and services under the Rhinehart Oil, Farstad Oil, Conrad & Bischoff, Tropic Oil and NFN National Fuel Network brands. The Supply segment manufactures transportation fuels; transports, stores, and markets fuels, crude oil, and liquid petroleum gases; and manufactures and sells aviation fuel to airlines. The company was formerly known as Parkland Fuel Corporation and changed its name to Parkland Corporation in May 2020. Parkland Corporation was founded in 1977 and is headquartered in Calgary, Canada.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PKI. Royal Bank of Canada raised their price target on Parkland from C$45.00 to C$47.00 and gave the stock an "outperform" rating in a research note on Thursday, July 7th. The Goldman Sachs Group cut their price target on Parkland from C$47.00 to C$35.00 and set a "neutral" rating for the company in a research note on Wednesday, June 22nd. Desjardins cut their price target on Parkland from C$49.00 to C$44.00 in a research note on Monday. Raymond James set a C$52.00 price target on Parkland and gave the stock a "strong-buy" rating in a research note on Monday, May 9th. Finally, Scotiabank raised Parkland from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$45.00 to C$47.00 in a research note on Friday, August 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$46.90.

Parkland Stock Performance

Shares of PKI Stock traded up C$0.01 during trading on Friday, reaching C$33.89. The company had a trading volume of 156,270 shares, compared to its average volume of 455,953. The firm's 50 day simple moving average is C$35.08 and its two-hundred day simple moving average is C$34.95. The company has a debt-to-equity ratio of 265.57, a current ratio of 1.55 and a quick ratio of 0.85. Parkland has a one year low of C$31.18 and a one year high of C$39.45. The company has a market capitalization of C$5.28 billion and a PE ratio of 42.35.

Insiders Place Their Bets

In other Parkland news, Senior Officer Robert Berthold Espey sold 10,000 shares of Parkland stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of C$38.25, for a total value of C$382,500.00. Following the transaction, the insider now directly owns 683,795 shares of the company's stock, valued at approximately C$26,155,158.75. In other Parkland news, Senior Officer Robert Berthold Espey sold 10,000 shares of Parkland stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of C$38.25, for a total value of C$382,500.00. Following the transaction, the insider now directly owns 683,795 shares of the company's stock, valued at approximately C$26,155,158.75. Also, Director James Pantelidis purchased 1,000 shares of the company's stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of C$33.43 per share, for a total transaction of C$33,430.00. Following the completion of the transaction, the director now owns 251,503 shares in the company, valued at C$8,407,745.29.