Superior Plus (TSE:SPB) Insider Acquires C$25,140.00 in Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger purchased 3,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of C$8.38 per share, with a total value of C$25,140.00. Following 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 position.

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

• On Monday, June 8th, Dale Alan Winger bought 2,000 shares of Superior Plus stock. The shares were purchased 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 bought 10,000 shares of Superior Plus stock. The shares were purchased at an average price of C$7.65 per share, for a total transaction of C$76,500.00.

Superior Plus Price Performance

Shares of SPB traded down C$0.14 during trading hours on Tuesday, reaching C$8.34. 316,018 shares of the stock traded hands, compared to its average volume of 1,060,009. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28. Superior Plus Corp. has a 52-week low of C$6.06 and a 52-week high of C$8.86. The company’s 50-day moving average price is C$7.38 and its two-hundred day moving average price is C$7.19. The company has a market cap of C$1.79 billion, a P/E ratio of 39.71 and a beta of 0.30.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$1.25 billion during the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.

Superior Plus Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. National Bank Financial upped their price objective on Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Scotiabank upped their price objective on Superior Plus from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Stifel Nicolaus upped their price objective on Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Desjardins upped their price objective on Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average 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.