Superior Plus (TSE:SPB) Reaches New 1-Year Low – Time to Sell?

Superior Plus Corp. (TSE:SPB) hit a new 52-week low on Monday . The stock traded as low as C$6.65 and last traded at C$6.65, with a volume of 63998 shares traded. The stock had previously closed at C$6.77.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPB. Cormark lowered their target price on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Desjardins lowered their price objective on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. CIBC lowered shares of Superior Plus from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$10.00 in a research note on Thursday, August 15th. TD Securities decreased their target price on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, ATB Capital dropped their price target on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$10.18.

Superior Plus Stock Down 2.7 %

The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -128.20 and a beta of 0.76. The firm’s fifty day moving average is C$7.52 and its 200-day moving average is C$8.45.

Superior Plus (TSE:SPB) last issued its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 0.10% and a positive return on equity of 1.17%.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date was Friday, September 27th. Superior Plus’s dividend payout ratio is presently -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.