Superior Plus (TSE:SPB) Shares Down 0.2% - Here's What Happened

Shares of Superior Plus Corp. (TSE:SPB - Get Free Report) were down 0.2% during trading on Thursday . The company traded as low as C$8.12 and last traded at C$8.16. Approximately 589,735 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 830,190 shares. The stock had previously closed at C$8.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SPB shares. Scotiabank raised shares of Superior Plus from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$7.50 to C$9.50 in a research report on Monday, April 7th. TD Securities lowered shares of Superior Plus from a "strong-buy" rating to a "hold" rating and cut their price objective for the stock from C$9.50 to C$8.50 in a research report on Thursday. CIBC boosted their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. BMO Capital Markets boosted their target price on shares of Superior Plus from C$9.00 to C$10.00 in a report on Thursday, May 22nd. Finally, ATB Capital boosted their target price on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$9.95.

Superior Plus Trading Down 1.3%

The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The business's 50-day moving average is C$7.92 and its 200 day moving average is C$6.97. The firm has a market capitalization of C$1.24 billion, a P/E ratio of 27.13 and a beta of 0.76.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were given a $0.045 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.44%. Superior Plus's payout ratio is 264.73%.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.