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

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

Superior Plus Stock Down 2.3%

Shares of TSE:SPB opened at C$7.61 on Friday. The firm has a fifty day moving average price of C$6.92 and a two-hundred day moving average price of C$7.15. The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46. Superior Plus Corp. has a one year low of C$6.06 and a one year high of C$8.34. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of 36.24 and a beta of 0.29.

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

Superior Plus Announces Dividend

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

Wall Street Analyst Weigh In

SPB has been the topic of a number of analyst reports. Raymond James Financial cut shares of Superior Plus from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from C$9.75 to C$8.50 in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research report on Tuesday, April 21st. Scotiabank cut shares of Superior Plus from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$8.50 to C$6.50 in a research report on Monday, February 23rd. ATB Cormark Capital Markets lifted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Desjardins lifted their target price on shares of Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$8.11.

About Superior Plus

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.