Superior Plus (TSE:SPB) Reaches New 1-Year Low at $7.45

Shares of Superior Plus Corp. (TSE:SPB) reached a new 52-week low on Monday . The stock traded as low as C$7.45 and last traded at C$7.47, with a volume of 313050 shares trading hands. The stock had previously closed at C$7.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SPB shares. ATB Capital decreased their price objective on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. BMO Capital Markets cut their price target on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Royal Bank of Canada cut their price target on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Scotiabank cut their price target on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, August 19th. Finally, Cormark cut their price objective on Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$10.55.

Superior Plus Stock Down 2.1 %

The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The company has a market cap of C$1.85 billion, a PE ratio of -151.80 and a beta of 0.77. The firm has a fifty day simple moving average of C$7.78 and a 200 day simple moving average of C$8.79.

Superior Plus (TSE:SPB) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of C$710.53 million. Equities research analysts predict that Superior Plus Corp. will post 0.5212912 EPS for the current year.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.69%. The ex-dividend date is Friday, September 27th. Superior Plus’s payout ratio is currently -1,440.00%.

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.