Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Energy Oil & Gas Refining & Marketing

Parkland Corporation is an international fuel distributor and retailer. The Company’s segments include Canada, International, USA, and Refining. Canada segment owns, supplies, and supports a network of retail gas stations, frozen food retail locations, convenience stores, card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services. International segment includes operations in over 23 countries and territories predominantly located in the Caribbean and northern coast of South America. This segment operates and services a network of retail service stations under brands, including Sol, Esso, Mobil, Shell and Texaco. USA segment delivers fuel, lubricants, and other related products and services. Refining segment is responsible for the refining of fuel products, such as gasoline, diesel, and jet fuel, and is also engaged in renewable business activities, such as co-processing of bio-feedstocks and blending of low-carbon intensity fuels with gasoline and diesel.

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Parkland Corp

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Post by Mrlongpantson Jan 12, 2023 9:00am

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Post# 35217925

New Rating!!!!! GLTALongs

Jan 10, 2023

Parkland Outperform Rating Maintained at BMO as it Revises Its Estimates; Price Target Kept at C$35.00, from 12:02PM ET on Tuesday Jan 10, 2023 by MT Newswires

12:02PM ET on Tuesday Jan 10, 2023 by MT Newswires

12:02 PM EST, 01/10/2023 (MT Newswires) -- BMO Capital Markets on Tuesday reiterated its outperform rating on the shares of Parkland (PKI.TO) with a C$35.00 price target as its revised earnings estimate for the refiner and gasoline station operator.

"We have revised our 2023 EBITDA estimate for Parkland to $1,685mm from $1,591mm (guidance $1,700-1,800mm). We anticipate that the international segment will experience high growth as a result of heightened tourism activity, while the U.S segment will resume a normalized earnings level (absent trading losses that occurred in Q3/22). We have also introduced our 2023 quarterly and 2024 yearly estimates. We continue to rate Parkland Outperform with a $35 target price (unchanged). Parkland is expected to report Q4/22 results on March 2, 2023," analyst Peter Sklar wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 30.64, Change: +0.02, Percent Change: +0.07