Spark Energy Inc. (NASDAQ:SPKE)’s share price traded down 2.3% during trading on Thursday . The stock traded as low as $27.06 and last traded at $27.22, with a volume of 169,829 shares changing hands. The stock had previously closed at $27.87.

Several equities analysts recently commented on the company. Wunderlich upped their price objective on Spark Energy from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 6th. FBR & Co upped their price target on shares of Spark Energy from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, May 6th. Janney Montgomery Scott decreased their price target on shares of Spark Energy from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, March 25th. Robert W. Baird reaffirmed a “neutral” rating on shares of Spark Energy in a report on Wednesday, March 30th. Finally, Zacks Investment Research raised shares of Spark Energy from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Friday, April 22nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $29.20.

The stock has a market cap of $164.95 million and a price-to-earnings ratio of 16.32. The company’s 50-day moving average price is $32.08 and its 200-day moving average price is $26.06.

Spark Energy (NASDAQ:SPKE) last released its earnings results on Wednesday, May 4th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.30. The firm had revenue of $110 million for the quarter, compared to analysts’ expectations of $110.44 million. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. Equities analysts forecast that Spark Energy Inc. will post $1.97 EPS for the current year.

In other Spark Energy news, Director W Keith Maxwell III sold 83,780 shares of Spark Energy stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $30.71, for a total value of $2,572,883.80. Following the sale, the director now directly owns 92,850 shares in the company, valued at approximately $2,851,423.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Spark Energy stock. Advisors Asset Management Inc. increased its position in shares of Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned about 2.06% of Spark Energy worth $1,320,000 as of its most recent filing with the SEC.

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment.

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