Parkland (TSE:PKI) Stock Passes Above 200 Day Moving Average – Should You Sell?

Parkland Co. (TSE:PKI) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Parkland Stock Performance

The company’s fifty day simple moving average is C$39.93 and its two-hundred day simple moving average is C$39.00. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market capitalization of C$6.96 billion, a P/E ratio of 20.86, a PEG ratio of 11.79 and a beta of 0.11.

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

Insider Buying and Selling at Parkland

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