Superior Plus (TSE:SPB) Share Price Passes Above 200-Day Moving Average of $9.79

Superior Plus Corp. (TSE:SPB)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.79 and traded as high as C$10.16. Superior Plus shares last traded at C$10.10, with a volume of 716,621 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James downgraded shares of Superior Plus from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$12.50 to C$11.50 in a report on Thursday, January 4th. Scotiabank cut their target price on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating for the company in a research report on Friday, February 23rd. TD Securities dropped their price target on Superior Plus from C$13.50 to C$13.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, CIBC decreased their price objective on shares of Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.69.

Superior Plus Trading Down 0.1 %

The company has a debt-to-equity ratio of 140.14, a current ratio of 0.87 and a quick ratio of 0.46. The company has a market capitalization of C$2.51 billion, a P/E ratio of 43.87 and a beta of 0.79. The firm has a fifty day moving average price of C$9.61 and a 200-day moving average price of C$9.80.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.27 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.04). The firm had revenue of C$985.80 million during the quarter, compared to the consensus estimate of C$1.21 billion. Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. On average, equities research analysts anticipate that Superior Plus Corp. will post 0.4397254 earnings per share for the current year.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.72 annualized dividend and a dividend yield of 7.14%. Superior Plus’s payout ratio is currently 313.04%.

Insider Transactions at Superior Plus

In related news, Director Allan Angus Macdonald acquired 53,022 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of C$9.45 per share, for a total transaction of C$500,983.67. 0.49% of the stock is owned by insiders.

About Superior Plus

Superior Plus Corp. distributes and markets propane and distillates in both the United States and Canada. It operates through three segments: The United States Retail Propane Distribution (U.S. Propane); Canadian Retail Propane Distribution (Canadian Propane); and North American Wholesale Propane Distribution (Wholesale Propane).