Dale Alan Winger Acquires 10,000 Shares of Superior Plus (TSE:SPB) Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger bought 10,000 shares of Superior Plus stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$7.65 per share, for a total transaction of C$76,500.00. Following the completion of the acquisition, the insider directly owned 41,000 shares of the company’s stock, valued at approximately C$313,650. The trade was a 32.26% increase in their position.

Superior Plus Price Performance

Shares of TSE:SPB traded down C$0.18 during mid-day trading on Friday, reaching C$7.61. The stock had a trading volume of 1,574,805 shares, compared to its average volume of 1,053,746. The business’s 50 day moving average price is C$6.92 and its 200 day moving average price is C$7.15. Superior Plus Corp. has a 1 year low of C$6.06 and a 1 year high of C$8.34. The company has a market cap of C$1.63 billion, a P/E ratio of 36.24 and a beta of 0.29. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a return on equity of 4.59% and a net margin of 1.69%.The business had revenue of C$1.25 billion during the quarter.

Superior Plus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.4%. Superior Plus’s dividend payout ratio (DPR) is 62.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPB. Desjardins upped their price target on shares of Superior Plus from C$7.00 to C$7.75 and gave the company a “hold” rating in a research note on Friday. TD increased their price objective on shares of Superior Plus from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$9.00 to C$8.00 in a research note on Friday, February 20th. Stifel Nicolaus reduced their target price on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Scotiabank cut shares of Superior Plus from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$8.50 to C$6.50 in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Superior Plus has a consensus rating of “Hold” and a consensus price target of C$8.11.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.