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

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

Superior Plus Stock Performance

Shares of TSE:SPB traded down C$0.18 during mid-day trading on Friday, reaching C$7.61. 1,574,805 shares of the company traded hands, compared to its average volume of 1,053,746. The company’s 50 day moving average price is C$6.92 and its 200-day moving average price is C$7.15. The firm has a market cap of C$1.63 billion, a PE ratio of 36.24 and a beta of 0.29. Superior Plus Corp. has a 52 week low of C$6.06 and a 52 week high of C$8.34. 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 released its earnings results on Wednesday, May 13th. The company reported C$0.94 EPS for the quarter. The company had revenue of C$1.25 billion for the quarter. Superior Plus had a net margin of 1.69% and a return on equity of 4.59%.

Superior Plus Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPB. TD increased their price target on Superior Plus from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday. BMO Capital Markets downgraded Superior Plus from an “outperform” rating to a “hold” rating and lowered their price objective for the company from C$9.00 to C$8.00 in a research report on Friday, February 20th. National Bank Financial increased their target price on Superior Plus from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a research report on Friday. Stifel Nicolaus decreased their target price on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, TD Securities cut Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Superior Plus has a consensus rating of “Hold” and a consensus target price 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.