Superior Plus (TSE:SPB) Insider Purchases C$16,720.00 in Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of C$8.36 per share, for a total transaction of C$16,720.00. Following the completion of the purchase, the insider owned 50,000 shares in the company, valued at C$418,000. The trade was a 4.17% increase in their ownership of the stock.

Dale Alan Winger also recently made the following trade(s):

• On Friday, June 5th, Dale Alan Winger bought 3,000 shares of Superior Plus stock. The shares were acquired at an average price of C$8.38 per share, for a total transaction of C$25,140.00.
• On Friday, May 15th, Dale Alan Winger bought 10,000 shares of Superior Plus stock. The shares were acquired at an average price of C$7.65 per share, for a total transaction of C$76,500.00.

Superior Plus Stock Down 1.7%

SPB stock traded down C$0.14 on Tuesday, hitting C$8.34. 316,018 shares of the company’s stock were exchanged, compared to its average volume of 1,060,009. Superior Plus Corp. has a 12-month low of C$6.06 and a 12-month high of C$8.86. The firm has a 50 day moving average price of C$7.38 and a two-hundred day moving average price of C$7.19. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22. The stock has a market cap of C$1.79 billion, a P/E ratio of 39.71 and a beta of 0.30.

Superior Plus (TSE:SPB) last announced its 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 5.20% and a net margin of 2.01%.The firm had revenue of C$1.25 billion for the quarter.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, March 31st. Superior Plus’s payout ratio is presently 62.09%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SPB shares. National Bank Financial boosted their price target on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Monday, June 1st. BMO Capital Markets downgraded Superior Plus from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. TD Securities lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note 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 note on Tuesday, April 21st. Finally, Royal Bank Of Canada cut their price objective on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Superior Plus has an average rating of “Hold” and a consensus target price of C$8.48.

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.