Spark Energy Inc (SPKE) Receives $13.38 Consensus Target Price from Analysts

Shares of Spark Energy Inc (NASDAQ:SPKE) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.38.

Several research firms recently commented on SPKE. Zacks Investment Research upgraded shares of Spark Energy from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Wednesday, January 9th. B. Riley reissued a “hold” rating on shares of Spark Energy in a research note on Wednesday, November 7th. Finally, BidaskClub cut shares of Spark Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th.

In other news, Director W Keith Maxwell III acquired 29,601 shares of the company’s stock in a transaction on Friday, November 9th. The shares were bought at an average cost of $9.18 per share, with a total value of $271,737.18. Following the purchase, the director now owns 1,300,019 shares of the company’s stock, valued at approximately $11,934,174.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 174,474 shares of company stock worth $1,570,377 over the last three months. 67.63% of the stock is currently owned by corporate insiders.



Several large investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Spark Energy by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 616,598 shares of the utilities provider’s stock worth $5,087,000 after purchasing an additional 4,886 shares during the period. Marshall Wace LLP acquired a new position in shares of Spark Energy during the 3rd quarter worth $188,000. Nordea Investment Management AB grew its stake in shares of Spark Energy by 54.4% during the 3rd quarter. Nordea Investment Management AB now owns 507,331 shares of the utilities provider’s stock worth $4,185,000 after purchasing an additional 178,854 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Spark Energy during the 3rd quarter worth $387,000. Finally, Macquarie Group Ltd. grew its stake in shares of Spark Energy by 127.1% during the 3rd quarter. Macquarie Group Ltd. now owns 24,848 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 13,907 shares during the period. 31.64% of the stock is currently owned by institutional investors and hedge funds.

SPKE stock opened at $8.00 on Friday. Spark Energy has a 12 month low of $7.20 and a 12 month high of $13.35. The firm has a market capitalization of $281.46 million, a P/E ratio of -16.67 and a beta of -0.81. The company has a quick ratio of 2.33, a current ratio of 2.36 and a debt-to-equity ratio of 1.01.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Friday, November 2nd. The utilities provider reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.31. Spark Energy had a net margin of 1.38% and a return on equity of 11.17%. The firm had revenue of $258.48 million during the quarter, compared to the consensus estimate of $240.69 million. On average, equities research analysts forecast that Spark Energy will post -0.22 earnings per share for the current fiscal year.

About Spark Energy

Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.

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