Superior Plus Corp. (TSE:SPB – Get Free Report) insider Dale Alan Winger purchased 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of C$8.38 per share, for a total transaction of C$25,140.00. Following the purchase, the insider directly owned 48,000 shares in the company, valued at approximately C$402,240. The trade was a 6.67% increase in their ownership of the stock.
Dale Alan Winger also recently made the following trade(s):
- On Monday, June 8th, Dale Alan Winger purchased 2,000 shares of Superior Plus stock. The shares were acquired 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 purchased 10,000 shares of Superior Plus stock. The shares were acquired at an average price of C$7.65 per share, for a total transaction of C$76,500.00.
Superior Plus Trading Up 1.8%
Shares of Superior Plus stock opened at C$8.49 on Thursday. The company’s fifty day simple moving average is C$7.44 and its 200-day simple moving average is C$7.21. The stock has a market capitalization of C$1.82 billion, a PE ratio of 40.43 and a beta of 0.30. Superior Plus Corp. has a 1-year low of C$6.06 and a 1-year high of C$8.86. The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46.
Superior Plus Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.045 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.1%. Superior Plus’s payout ratio is 62.09%.
Analyst Ratings Changes
A number of research firms recently weighed in on SPB. TD lifted 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. TD Securities cut shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. BMO Capital Markets cut shares of Superior Plus from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$9.00 to C$8.00 in a research note on Friday, February 20th. Desjardins lifted 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. Finally, ATB Cormark Capital Markets lifted their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Superior Plus has a consensus rating of “Hold” and a consensus price target of C$8.48.
About Superior Plus
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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