Key Points
- Insider buy: Director Darren Bart Hribar purchased 2,000 shares at C$6.65 on Nov. 17, raising his stake to 43,000 shares (a 4.88% increase), indicating insider accumulation.
- Weak fundamentals: Superior Plus reported quarterly EPS of C($0.41) and shows strained liquidity (quick ratio 0.46, current ratio 0.67) with a very high debt-to-equity of 193.35 despite C$470.6M in revenue.
- Dividend and analyst view: The stock yields 2.6% (C$0.045 quarterly, C$0.18 annualized) but has a payout ratio of 182.88% suggesting unsustainability, while analysts hold a Moderate Buy consensus with a C$9.28 price target amid mixed revisions.
Superior Plus Corp. (TSE:SPB - Get Free Report) insider Darren Bart Hribar purchased 2,000 shares of the business's stock in a transaction on Monday, November 17th. The shares were acquired at an average price of C$6.65 per share, for a total transaction of C$13,300.00. Following the completion of the acquisition, the insider directly owned 43,000 shares in the company, valued at approximately C$285,950. This represents a 4.88% increase in their position.
Superior Plus Stock Performance
TSE:SPB opened at C$6.86 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. Superior Plus Corp. has a twelve month low of C$5.77 and a twelve month high of C$8.34. The company has a fifty day moving average of C$7.58 and a 200-day moving average of C$7.59. The firm has a market capitalization of C$1.53 billion, a P/E ratio of 98.00 and a beta of 0.17.
Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.41) EPS for the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.The company had revenue of C$470.64 million during the quarter.
Superior Plus Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a $0.045 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.18 annualized dividend and a yield of 2.6%. Superior Plus's dividend payout ratio is presently 182.88%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. TD Securities upgraded shares of Superior Plus from a "hold" rating to a "buy" rating in a report on Monday, November 17th. Scotiabank dropped their price target on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, CIBC decreased their price objective on Superior Plus from C$9.00 to C$8.50 in a report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$9.28.
Check Out Our Latest Stock Report on SPB
About Superior Plus
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
