Superior Plus (TSE:SPB) Insider Dale Alan Winger Buys 3,000 Shares

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of C$8.38 per share, for a total transaction of C$25,140.00. Following the completion of the acquisition, the insider directly owned 48,000 shares of the company’s stock, valued at C$402,240. This trade represents a 6.67% increase in their ownership of the stock.

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

• On Monday, June 8th, Dale Alan Winger acquired 2,000 shares of Superior Plus stock. The stock was acquired at an average price of C$8.36 per share, for a total transaction of C$16,720.00.
• On Friday, May 15th, Dale Alan Winger acquired 10,000 shares of Superior Plus stock. The stock was acquired at an average price of C$7.65 per share, for a total transaction of C$76,500.00.

Superior Plus Trading Down 1.7%

Shares of TSE SPB opened at C$8.34 on Wednesday. The company’s 50 day simple moving average is C$7.41 and its 200 day simple moving average is C$7.20. Superior Plus Corp. has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.86. The firm has a market capitalization of C$1.79 billion, a P/E ratio of 39.71 and a beta of 0.30. 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 (TSE:SPB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a net margin of 2.01% and a return on equity of 5.20%. The business had revenue of C$1.25 billion for the quarter.

Superior Plus Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on SPB shares. National Bank Financial upped their target price on shares of 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. Desjardins upped their target price 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, May 15th. Royal Bank Of Canada lowered their target price on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. ATB Cormark Capital Markets upped their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, TD raised their price objective on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.