Superior Plus (TSE:SPB) Reaches New 1-Year High – What’s Next?

Superior Plus Corp. (TSE:SPBGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.35 and last traded at C$8.31, with a volume of 1663831 shares. The stock had previously closed at C$7.80.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SPB shares. Raymond James Financial downgraded 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 research report on Monday, February 23rd. ATB Cormark Capital Markets boosted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Stifel Nicolaus boosted their target price on shares of Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. BMO Capital Markets downgraded 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 research report on Friday, February 20th. Finally, Desjardins boosted their target price on shares of Superior Plus from C$7.00 to C$7.75 and gave the stock a “hold” rating in a research report 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$8.39.

View Our Latest Research Report on SPB

Superior Plus Trading Down 1.5%

The company has a quick ratio of 0.46, a current ratio of 1.22 and a debt-to-equity ratio of 193.28. The firm’s 50-day moving average price is C$7.16 and its 200 day moving average price is C$7.14. The company has a market capitalization of C$1.80 billion, a P/E ratio of 40.05 and a beta of 0.29.

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

Superior Plus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders 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 2.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio is presently 62.09%.

Insider Transactions at Superior Plus

In other news, insider Dale Alan Winger acquired 10,000 shares of Superior Plus stock in a transaction on Friday, May 15th. The stock was acquired at an average cost 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 approximately C$313,650. This trade represents a 32.26% increase in their position. Insiders own 0.54% of the company’s stock.

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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