Spark Energy, Inc. (NASDAQ:SPKE) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.70.
SPKE has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Spark Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine raised shares of Spark Energy from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. TheStreet downgraded shares of Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, B. Riley downgraded shares of Spark Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $23.50 to $17.00 in a research note on Tuesday, November 7th.
Spark Energy (NASDAQ:SPKE) traded down $0.05 during midday trading on Thursday, hitting $13.50. 130,276 shares of the stock were exchanged, compared to its average volume of 223,875. Spark Energy has a one year low of $11.30 and a one year high of $23.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63. The firm has a market cap of $470.97, a P/E ratio of 16.79 and a beta of -1.68.
In other Spark Energy news, Director W Keith Maxwell III bought 14,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of $13.42 per share, with a total value of $194,590.00. Following the transaction, the director now owns 901,897 shares in the company, valued at $12,103,457.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gil Melman sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $15.89, for a total transaction of $63,560.00. Following the sale, the vice president now directly owns 33,308 shares of the company’s stock, valued at approximately $529,264.12. The disclosure for this sale can be found here. In the last three months, insiders have purchased 90,900 shares of company stock valued at $1,401,538. Corporate insiders own 66.89% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of SPKE. Federated Investors Inc. PA acquired a new stake in Spark Energy during the 2nd quarter worth approximately $194,000. Bank of Montreal Can increased its position in Spark Energy by 63.0% during the 2nd quarter. Bank of Montreal Can now owns 10,528 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 4,070 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Spark Energy by 159.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 6,586 shares in the last quarter. Wedbush Securities Inc. purchased a new position in Spark Energy in the 3rd quarter worth approximately $203,000. Finally, Citadel Advisors LLC purchased a new position in Spark Energy in the 2nd quarter worth approximately $237,000. 35.28% of the stock is owned by hedge funds and other institutional investors.
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Spark Energy Company Profile
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.
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