Superior Plus (TSE:SPB) Reaches New 52-Week Low - What's Next?

Superior Plus Corp. (TSE:SPB - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$7.33 and last traded at C$7.33, with a volume of 231465 shares trading hands. The stock had previously closed at C$7.45.

Analyst Upgrades and Downgrades

SPB has been the subject of several analyst reports. Cormark cut their target price on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Cibc World Mkts cut shares of Superior Plus from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 15th. CIBC lowered shares of Superior Plus from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from C$14.00 to C$10.00 in a report on Thursday, August 15th. Stifel Nicolaus cut their price target on shares of Superior Plus from C$12.50 to C$12.00 and set a "buy" rating for the company in a report on Friday, August 16th. Finally, Desjardins decreased their price target on shares of Superior Plus from C$13.50 to C$11.50 and set a "buy" rating on the stock in a report on Thursday, July 18th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$10.55.

Superior Plus Price Performance

The firm has a market capitalization of C$1.80 billion, a P/E ratio of -146.60 and a beta of 0.77. The business's 50-day simple moving average is C$7.71 and its 200 day simple moving average is C$8.70. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C($0.27) EPS 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 business had revenue of C$578.62 million for the quarter, compared to the consensus estimate of C$710.53 million. Sell-side analysts forecast that Superior Plus Corp. will post 0.5212912 earnings per share for the current year.

Superior Plus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date of this dividend is Friday, September 27th. Superior Plus's dividend payout ratio (DPR) is presently -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.