Dale Alan Winger Acquires 2,000 Shares of Superior Plus (TSE:SPB) Stock

Superior Plus Corp. (TSE:SPB) insider Dale Alan Winger bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of C$8.36 per share, for a total transaction of C$16,720.00. Following the acquisition, the insider owned 50,000 shares of the company’s stock, valued at C$418,000. This trade 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 acquired 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 acquired 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 Price Performance

Shares of TSE SPB opened at C$8.49 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.46 and a debt-to-equity ratio of 193.28. The firm’s 50-day moving average price is C$7.44 and its 200-day moving average price is C$7.21. The firm has a market capitalization of C$1.82 billion, a P/E 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.

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

Superior Plus Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on SPB shares. Scotiabank boosted their price objective on Superior Plus from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce upgraded Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. National Bank Financial boosted their price objective on Superior Plus from C$7.50 to C$8.50 and gave the company 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 company an “outperform” rating in a report on Friday, May 15th. Finally, BMO Capital Markets lowered shares of Superior Plus from an “outperform” rating to a “hold” rating and lowered their target price for the stock from C$9.00 to C$8.00 in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.