Parkland Fuel Corp (PKI) Scheduled to Post Quarterly Earnings on Wednesday
Parkland Fuel Corp (TSE:PKI) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 2nd.
Shares of Parkland Fuel Corp (TSE PKI) traded down 0.25% on Thursday, hitting $27.95. 187,507 shares of the stock were exchanged. Parkland Fuel Corp has a one year low of $22.68 and a one year high of $32.45. The company has a 50-day moving average price of $29.20 and a 200-day moving average price of $28.92. The firm has a market capitalization of $2.70 billion and a PE ratio of 61.56.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a dividend of $0.096 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, July 19th. This is a boost from Parkland Fuel Corp’s previous monthly dividend of $0.07.
In other news, insider Donna Jeanne Strating sold 3,712 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of C$31.03, for a total value of C$115,183.36. Also, Director John Frederick Bechtold bought 2,000 shares of the company’s stock in a transaction dated Tuesday, July 4th. The stock was purchased at an average price of C$29.73 per share, with a total value of C$59,460.00.
A number of analysts have recently issued reports on PKI shares. TD Securities raised their target price on shares of Parkland Fuel Corp from C$34.00 to C$39.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Scotiabank upgraded shares of Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$30.00 to C$34.75 in a research note on Wednesday, May 10th. Royal Bank Of Canada lifted their price objective on shares of Parkland Fuel Corp from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 10th. Finally, CIBC lifted their price objective on shares of Parkland Fuel Corp from C$33.00 to C$35.00 in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$34.00.
Parkland Fuel Corp Company Profile
Parkland Fuel Corporation distributes and markets fuels and lubricants. The Company delivers refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers. Its segments include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. Its Retail Fuels segment supplies and supports a network of over 1,070 retail gas stations in Canada.
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