Insider Buying: Superior Plus (TSE:SPB) Insider Purchases C$76,500.00 in Stock

Superior Plus Corp. (TSE:SPBGet Free Report) insider Dale Alan Winger acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$7.65 per share, for a total transaction of C$76,500.00. Following the acquisition, the insider owned 41,000 shares in the company, valued at approximately C$313,650. This trade represents a 32.26% increase in their ownership of the stock.

Superior Plus Price Performance

SPB stock opened at C$7.61 on Monday. The company has a quick ratio of 0.46, a current ratio of 1.22 and a debt-to-equity ratio of 193.28. Superior Plus Corp. has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.34. The firm’s 50-day simple moving average is C$6.92 and its 200 day simple moving average is C$7.14. The stock has a market cap of C$1.63 billion, a PE ratio of 36.24 and a beta of 0.29.

Superior Plus (TSE:SPBGet Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a net margin of 1.69% and a return on equity of 4.59%. The business had revenue of C$1.25 billion for the quarter.

Superior Plus Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SPB shares. Royal Bank Of Canada reduced their price objective 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. Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. National Bank Financial raised 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 report on Friday. Raymond James Financial cut shares of Superior Plus from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from C$9.75 to C$8.50 in a report on Monday, February 23rd. Finally, BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$9.00 to C$8.00 in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$8.11.

Get Our Latest Research 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. 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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