Spark Energy Inc. (SPKE) Sees Strong Trading Volume
Spark Energy Inc. (NASDAQ:SPKE) saw unusually-strong trading volume on Monday . Approximately 198,137 shares were traded during trading, a decline of 22% from the previous session’s volume of 252,887 shares.The stock last traded at $27.96 and had previously closed at $28.23.
A number of analysts have commented on SPKE shares. TheStreet raised shares of Spark Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. Janney Montgomery Scott reduced their price target on shares of Spark Energy from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, March 25th. Robert W. Baird reissued a “neutral” rating on shares of Spark Energy in a research report on Wednesday, March 30th. Wunderlich raised shares of Spark Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $22.00 in a research report on Thursday, April 7th. Finally, Zacks Investment Research lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.20.
The stock has a market cap of $162.38 million and a PE ratio of 16.06. The company has a 50-day moving average price of $32.01 and a 200-day moving average price of $26.18.
Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.30. The firm earned $110 million during the quarter, compared to analyst estimates of $110.44 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. Spark Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts expect that Spark Energy Inc. will post $1.97 EPS for the current fiscal year.
In related news, Director W Keith Maxwell III sold 12,700 shares of Spark Energy stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $33.00, for a total value of $419,100.00. Following the completion of the sale, the director now directly owns 92,850 shares in the company, valued at $3,064,050. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in Spark Energy stock. Advisors Asset Management Inc. boosted its position in Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned 2.06% of Spark Energy worth $1,320,000 at the end of the most recent reporting period.
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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