Parkland (TSE:PKI) Shares Pass Above 200-Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$39.21 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares traded.

Parkland Stock Down 0.4%

The business’s fifty day moving average is C$39.84 and its two-hundred day moving average is C$39.21. The stock has a market cap of C$6.96 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 11.79 and a beta of 0.11. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87.

Parkland (TSE:PKI) last issued its quarterly earnings results on Monday, October 27th. The company reported C$0.73 EPS for the quarter. Parkland had a net margin of 0.83% and a return on equity of 7.66%. The company had revenue of C$7.35 billion during the quarter. Equities analysts forecast that Parkland Co. will post 3.6022267 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert Berthold Espey acquired 25,000 shares of the stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average cost of C$40.80 per share, with a total value of C$1,020,000.00. Following the completion of the transaction, the insider owned 824,401 shares in the company, valued at C$33,635,560.80. This represents a 3.13% increase in their position. Also, insider Chad Jason Graves bought 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average price of C$41.00 per share, for a total transaction of C$512,500.00. Following the completion of the purchase, the insider directly owned 18,173 shares of the company’s stock, valued at approximately C$745,093. This trade represents a 220.34% increase in their position. Insiders have purchased a total of 47,500 shares of company stock worth $1,936,900 in the last quarter. 20.51% of the stock is owned by company insiders.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated. A variety of brands enable Parkland to market and distribute its petroleum products to a range of markets.