Superior Plus Corp. (TSE:SPB) Receives Average Recommendation of "Moderate Buy" from Analysts

Superior Plus Corp. (TSE:SPB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$9.91.

A number of equities research analysts recently issued reports on SPB shares. National Bankshares dropped their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Cibc World Mkts raised Superior Plus to a "strong-buy" rating in a report on Friday, November 8th. CIBC raised Superior Plus from a "neutral" rating to an "outperform" rating and dropped their price target for the company from C$9.50 to C$8.50 in a report on Friday, November 8th. Scotiabank cut their price target on Superior Plus from C$12.00 to C$9.00 in a report on Monday. Finally, Cormark decreased their price objective on shares of Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th.

Insider Transactions at Superior Plus

In other news, Director Shawn Bradley Vammen acquired 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of C$6.35 per share, for a total transaction of C$31,750.00. Also, Director Patrick Edward Gottschalk bought 100,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was purchased at an average price of C$6.32 per share, for a total transaction of C$632,150.40. 0.54% of the stock is currently owned by insiders.

Superior Plus Stock Performance

SPB stock traded down C$0.02 during midday trading on Thursday, hitting C$6.25. The stock had a trading volume of 2,432,572 shares, compared to its average volume of 958,974. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The stock has a 50-day simple moving average of C$7.22 and a 200 day simple moving average of C$8.19. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -125.00 and a beta of 0.76.

Superior Plus (TSE:SPB - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million.

Superior Plus Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.045 dividend. 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 dividend payout ratio (DPR) is currently -1,440.00%.

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.