Shawn Bradley Vammen Acquires 5,000 Shares of Superior Plus Corp. (TSE:SPB) Stock

Superior Plus Corp. (TSE:SPB) Director Shawn Bradley Vammen purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$6.35 per share, with a total value of C$31,750.00.

Superior Plus Stock Performance

Superior Plus stock opened at C$6.25 on Friday. 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 Corp. has a 12 month low of C$5.15 and a 12 month high of C$10.36. The company has a fifty day moving average price of C$7.22 and a two-hundred day moving average price of C$8.19. The company has a market cap of C$1.55 billion, a PE ratio of -125.00 and a beta of 0.76.

Superior Plus (TSE:SPB) last announced its quarterly earnings data 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 the consensus estimate of C$710.53 million.

Superior Plus Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. TD Securities decreased their price objective on shares of Superior Plus from C$9.00 to C$7.50 and set a “buy” rating for the company in a research report on Friday, November 8th. ATB Capital reduced their price target on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. National Bankshares dropped their price objective on Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. Royal Bank of Canada reduced their target price on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Finally, CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from C$9.50 to C$8.50 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.91.

About Superior Plus

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.