Key Points
- Insider buying: Dale Alan Winger bought 10,000 shares of Superior Plus at C$7.65 each, a C$76,500 purchase that increased his holdings by 32.26% to 41,000 shares.
- Recent performance and results: Superior Plus opened at C$7.61 and recently reported quarterly earnings of C$0.94 per share on revenue of C$1.25 billion. The stock has traded between C$6.06 and C$8.34 over the past year.
- Analyst sentiment: Wall Street views are mixed, with four Buy ratings and seven Hold ratings, giving the stock an average Hold rating and an average price target of C$8.11.
Superior Plus Corp. (TSE:SPB - Get Free Report) insider Dale Alan Winger purchased 10,000 shares of Superior Plus stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$7.65 per share, with a total value of C$76,500.00. Following the transaction, the insider owned 41,000 shares of the company's stock, valued at C$313,650. This trade represents a 32.26% increase in their position.
Superior Plus Price Performance
SPB opened at C$7.61 on Friday. The firm has a market cap of C$1.63 billion, a P/E ratio of 36.24 and a beta of 0.29. The firm has a 50-day moving average of C$6.92 and a 200 day moving average of C$7.15. The company has a debt-to-equity ratio of 193.28, a quick ratio of 0.46 and a current ratio of 1.22. Superior Plus Corp. has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.34.
Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The company had revenue of C$1.25 billion during the quarter. Superior Plus had a net margin of 1.69% and a return on equity of 4.59%.
Superior Plus Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.045 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.18 annualized dividend and a yield of 2.4%. Superior Plus's dividend payout ratio is presently 62.09%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. BMO Capital Markets lowered shares of Superior Plus from an "outperform" rating to a "hold" rating and cut their target price for the stock from C$9.00 to C$8.00 in a research report on Friday, February 20th. TD Securities lowered shares of Superior Plus from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 23rd. National Bank Financial increased their target price on shares of Superior Plus from C$6.00 to C$7.50 and gave the stock a "sector perform" rating in a research report on Friday. TD increased their target price on shares of Superior Plus from C$7.50 to C$8.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Royal Bank Of Canada cut 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 report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$8.11.
Check Out Our Latest Report on Superior Plus
Superior Plus Company Profile
(
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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.
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