Superior Plus (TSE:SPB) Insider Dale Alan Winger Buys 3,000 Shares

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger bought 3,000 shares of Superior Plus stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of C$8.38 per share, for a total transaction of C$25,140.00. Following the completion of the acquisition, the insider 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 bought 2,000 shares of Superior Plus stock. The stock was 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 bought 10,000 shares of Superior Plus stock. The stock was acquired at an average price of C$7.65 per share, for a total transaction of C$76,500.00.

Superior Plus Price Performance

Shares of Superior Plus stock traded down C$0.14 during trading hours on Tuesday, reaching C$8.34. The company’s stock had a trading volume of 316,018 shares, compared to its average volume of 1,060,009. The firm has a 50 day moving average price of C$7.38 and a 200-day moving average price of C$7.19. Superior Plus Corp. has a one year low of C$6.06 and a one 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. The stock has a market cap of C$1.79 billion, a P/E ratio of 39.71 and a beta of 0.30.

Superior Plus (TSE:SPB) last posted its earnings results on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. The firm 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio (DPR) is presently 62.09%.

Analysts Set New Price Targets

SPB has been the subject of several analyst reports. TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. National Bank Financial raised their price objective on Superior Plus from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets raised their price objective on 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. Royal Bank Of Canada lowered their price objective on Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Finally, Scotiabank raised their price objective on Superior Plus from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Superior Plus currently 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.