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

Superior Plus Corp. (TSE:SPB) Director Shawn Bradley Vammen acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of C$6.35 per share, for a total transaction of C$31,750.00.

Superior Plus Stock Performance

Shares of Superior Plus stock traded down C$0.23 on Tuesday, reaching C$6.25. 1,951,885 shares of the stock were exchanged, compared to its average volume of 950,974. The business has a 50 day moving average price of C$7.31 and a two-hundred day moving average price of C$8.26. Superior Plus Corp. has a twelve month low of C$5.15 and a twelve month high of C$10.36. 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. 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) last issued its quarterly earnings data 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). The company had revenue of C$578.62 million during the quarter, compared to analyst estimates of C$710.53 million. Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%.

Superior Plus Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, December 31st. Superior Plus’s payout ratio is currently -1,440.00%.

Analyst Ratings Changes

Several research firms have commented on SPB. Desjardins dropped their target price on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Cormark lowered their price objective on shares of Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. Stifel Nicolaus lowered their target price on Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a report on Friday, August 16th. ATB Capital lowered their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Finally, National Bank Financial downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Superior Plus presently has an average rating of “Moderate Buy” and an average price target 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.