Superior Plus Corp. (TSE:SPB) Director Buys C$31,750.00 in Stock

Superior Plus Corp. (TSE:SPB) Director Shawn Bradley Vammen acquired 5,000 shares of Superior Plus stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of C$6.35 per share, for a total transaction of C$31,750.00.

Superior Plus Stock Performance

TSE SPB opened at C$6.25 on Friday. The business’s 50-day simple moving average is C$7.22 and its 200-day simple moving average is C$8.19. The firm has a market capitalization of C$1.55 billion, a P/E ratio of -125.00 and a beta of 0.76. Superior Plus Corp. has a 1-year low of C$5.15 and a 1-year high of C$10.36. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. The business had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million.

Superior Plus Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.88%. Superior Plus’s payout ratio is -1,440.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and cut their price objective for the company from C$9.50 to C$8.50 in a research report on Friday, November 8th. Royal Bank of Canada cut their price target on Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. ATB Capital lowered their price objective on Superior Plus from C$13.00 to C$12.00 in a research report on Thursday, August 15th. National Bankshares reduced their target price on Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Finally, Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Superior Plus has an average rating of “Moderate Buy” and an average target price of C$9.91.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.