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

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

Superior Plus Stock Down 0.3%

Shares of SPB traded down C$0.02 during trading hours on Friday, reaching C$6.86. The stock had a trading volume of 606,722 shares, compared to its average volume of 807,459. The firm has a 50-day simple moving average of C$7.58 and a 200 day simple moving average of C$7.59. Superior Plus Corp. has a 12 month low of C$5.77 and a 12 month high of C$8.34. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 98.00 and a beta of 0.17.

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

Superior Plus Announces Dividend

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

Analyst Upgrades and Downgrades

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