Superior Plus (TSE:SPB) Insider Buys C$16,720.00 in Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger purchased 2,000 shares of Superior Plus stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of C$8.36 per share, for a total transaction of C$16,720.00. Following the transaction, the insider owned 50,000 shares in the company, valued at C$418,000. This represents a 4.17% increase in their ownership of the stock.

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

• On Friday, June 5th, Dale Alan Winger purchased 3,000 shares of Superior Plus stock. The shares were bought at an average price of C$8.38 per share, for a total transaction of C$25,140.00.
• On Friday, May 15th, Dale Alan Winger purchased 10,000 shares of Superior Plus stock. The shares were bought at an average price of C$7.65 per share, for a total transaction of C$76,500.00.

Superior Plus Stock Down 0.7%

Shares of TSE SPB opened at C$8.43 on Friday. The firm’s 50-day simple moving average is C$7.48 and its 200 day simple moving average is C$7.22. The company has a market cap of C$1.81 billion, a price-to-earnings ratio of 40.14 and a beta of 0.30. 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 12-month low of C$6.06 and a 12-month high of C$8.86.

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

Superior Plus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.045 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.18 annualized dividend and a yield of 2.1%. Superior Plus’s dividend payout ratio is 62.09%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James Financial downgraded shares of Superior Plus from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from C$9.75 to C$8.50 in a research report on Monday, February 23rd. National Bank Financial boosted their price objective on Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Monday, June 1st. ATB Cormark Capital Markets boosted their price objective on Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus boosted their price objective on Superior Plus from C$9.00 to C$10.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Canadian Imperial Bank of Commerce raised Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.