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.
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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