Parkland (TSE:PKI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Parkland Co. (TSE:PKI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.00 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares trading hands.

Parkland Stock Down 0.4%

The company has a market cap of C$6.96 billion, a P/E ratio of 20.86, a P/E/G ratio of 11.79 and a beta of 0.11. The stock has a 50-day moving average of C$39.93 and a two-hundred day moving average of C$39.01. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Parkland (TSE:PKI) last released its quarterly earnings data on Monday, October 27th. The company reported C$0.73 EPS for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%.The firm had revenue of C$7.35 billion for the quarter. On average, research analysts anticipate that Parkland Co. will post 3.6022267 EPS for the current fiscal year.

Insider Transactions at Parkland

In other news, insider Marcel Teunissen acquired 10,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was acquired at an average price of C$40.44 per share, with a total value of C$404,400.00. Following the completion of the transaction, the insider owned 76,731 shares of the company’s stock, valued at C$3,103,001.64. This represents a 14.99% increase in their position. Also, insider Chad Jason Graves acquired 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average cost of C$41.00 per share, for a total transaction of C$512,500.00. Following the purchase, the insider directly owned 18,173 shares of the company’s stock, valued at C$745,093. This represents a 220.34% increase in their ownership of the stock. In the last ninety days, insiders purchased 47,500 shares of company stock valued at $1,936,900. Company insiders own 20.51% of the company’s stock.

About Parkland

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.