Key Points
- Insider buying: Superior Plus insider Dale Alan Winger bought 2,000 shares at C$8.36 each, bringing his total holdings to 50,000 shares. The purchase was worth C$16,720 and marked a 4.17% increase in his position.
- Recent buying trend: Winger has also made two earlier purchases, including 3,000 shares on June 5 and 10,000 shares on May 15, suggesting sustained insider confidence in the stock.
- Company and stock snapshot: Superior Plus was trading down 1.7% at C$8.34, near its 52-week high of C$8.86. The company recently reported quarterly EPS of C$0.94 and maintains a quarterly dividend yield of 2.2%.
Superior Plus Corp. (TSE:SPB - Get Free Report) insider Dale Alan Winger purchased 2,000 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of C$8.36 per share, with a total value of C$16,720.00. Following the completion of the acquisition, the insider directly owned 50,000 shares in the company, valued at approximately C$418,000. This trade represents a 4.17% increase in their position.
Dale Alan Winger also recently made the following trade(s):
- On Friday, June 5th, Dale Alan Winger purchased 3,000 shares of Superior Plus stock. The stock was acquired at an average cost of C$8.38 per share, with a total value of C$25,140.00.
- On Friday, May 15th, Dale Alan Winger purchased 10,000 shares of Superior Plus stock. The stock was acquired at an average cost of C$7.65 per share, with a total value of C$76,500.00.
Superior Plus Trading Down 1.7%
TSE SPB opened at C$8.34 on Wednesday. Superior Plus Corp. has a one year low of C$6.06 and a one year high of C$8.86. The company has a 50-day simple moving average of C$7.41 and a 200-day simple moving average of C$7.20. 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 firm has a market capitalization of C$1.79 billion, a PE ratio of 39.71 and a beta of 0.30.
Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.94 EPS 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 during the quarter.
Superior Plus Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.2%. Superior Plus's payout ratio is 62.09%.
Analyst Ratings Changes
Several research analysts have recently commented on SPB shares. Canadian Imperial Bank of Commerce raised shares of Superior Plus from a "hold" rating to an "outperformer" rating in a report on Tuesday, April 21st. ATB Cormark Capital Markets lifted their price target on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an "outperform" rating in a report on Friday, May 15th. National Bank Financial lifted their price target on shares of Superior Plus from C$7.50 to C$8.50 and gave the company a "sector perform" rating in a report on Monday, June 1st. TD boosted their target price on shares of Superior Plus from C$7.50 to C$8.00 and gave the company a "hold" rating in a research note on Friday, May 15th. Finally, Desjardins boosted 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. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Superior Plus currently has an average rating of "Hold" and an average price target of C$8.48.
Get Our Latest Research Report on Superior Plus
About Superior Plus
(
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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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