Insider Buying: Superior Plus (TSE:SPB) Insider Buys 2,000 Shares of Stock

Superior Plus Corp. (TSE:SPB) insider Darren Bart Hribar bought 2,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of C$6.65 per share, with a total value of C$13,300.00. Following the completion of the transaction, the insider directly owned 43,000 shares of the company’s stock, valued at approximately C$285,950. The trade was a 4.88% increase in their ownership of the stock.

Superior Plus Stock Performance

Shares of TSE SPB traded down C$0.02 during trading on Friday, reaching C$6.86. 606,722 shares of the stock traded hands, compared to its average volume of 807,459. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The stock has a market capitalization of C$1.53 billion, a P/E ratio of 98.00 and a beta of 0.17. Superior Plus Corp. has a 52-week low of C$5.77 and a 52-week high of C$8.34. The company has a 50-day moving average of C$7.58 and a 200-day moving average of C$7.59.

Superior Plus (TSE:SPB) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.41) earnings per share (EPS) for the quarter. The firm had revenue of C$470.64 million during the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, September 29th. Superior Plus’s dividend payout ratio is presently 182.88%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. CIBC cut their price objective on shares of Superior Plus from C$9.00 to C$8.50 in a report on Friday, November 14th. TD Securities raised Superior Plus from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Scotiabank reduced their price target on Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. Finally, BMO Capital Markets boosted their price objective on Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$9.28.

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.