Spark Energy Inc. (NASDAQ:SPKE) has received a consensus rating of “Hold” from the eight analysts that are covering the firm. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $32.25.
SPKE has been the subject of a number of research analyst reports. Zacks Investment Research lowered Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Janney Montgomery Scott upgraded Spark Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, July 27th. FBR & Co restated a “buy” rating and issued a $33.00 target price (up previously from $32.00) on shares of Spark Energy in a report on Thursday, August 11th. Wunderlich increased their target price on Spark Energy from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, Ladenburg Thalmann assumed coverage on Spark Energy in a report on Friday, August 19th. They issued a “neutral” rating and a $27.00 target price for the company.
Spark Energy (NASDAQ:SPKE) traded down 0.66% on Friday, hitting $25.40. The company had a trading volume of 40,044 shares. The firm’s 50 day moving average price is $28.51 and its 200 day moving average price is $27.63. Spark Energy has a 12-month low of $15.91 and a 12-month high of $35.63. The stock has a market cap of $164.92 million, a P/E ratio of 13.01 and a beta of -2.09.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Spark Energy during the second quarter valued at approximately $175,000. Nisa Investment Advisors LLC increased its position in Spark Energy by 1,350.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,800 shares of the company’s stock valued at $169,000 after buying an additional 5,400 shares during the last quarter. Nuveen Fund Advisors LLC acquired a new position in Spark Energy during the second quarter valued at approximately $219,000. Eagle Global Advisors LLC acquired a new position in Spark Energy during the second quarter valued at approximately $230,000. Finally, Eqis Capital Management Inc. acquired a new position in Spark Energy during the second quarter valued at approximately $235,000. 31.59% of the stock is currently owned by hedge funds and other institutional investors.
Spark Energy Company Profile
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs).
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