Superior Plus (TSE:SPB) Reaches New 1-Year Low – What’s Next?

Superior Plus Corp. (TSE:SPB) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$5.15 and last traded at C$5.59, with a volume of 1721408 shares changing hands. The stock had previously closed at C$6.75.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPB. Cormark dropped their target price on Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. Stifel Nicolaus lowered their target price on shares of 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. TD Securities dropped their price objective on Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Desjardins decreased their price target on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, ATB Capital cut their price target on shares of Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$10.18.

Superior Plus Price Performance

The firm has a market capitalization of C$1.40 billion, a P/E ratio of -110.60 and a beta of 0.76. The business has a 50-day moving average of C$7.40 and a 200 day moving average of C$8.32. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB) last posted its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The firm had revenue of C$578.62 million during the quarter, compared to analysts’ expectations of C$710.53 million.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 12.81%. Superior Plus’s payout ratio is -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.