Spark Energy Inc. (NASDAQ:SPKE) shares saw strong trading volume on Monday . 198,137 shares changed hands 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.

Several research firms have weighed in on SPKE. Wunderlich upped their price objective on shares of Spark Energy from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 6th. Zacks Investment Research downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday. FBR & Co upped their price objective 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 lowered their price objective 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. Finally, Robert W. Baird restated a “neutral” rating on shares of Spark Energy in a report on Wednesday, March 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.20.

The stock has a 50 day moving average of $31.86 and a 200-day moving average of $26.19. The stock has a market capitalization of $150.98 million and a PE ratio of 14.94.

Spark Energy (NASDAQ:SPKE) last issued its earnings results on Wednesday, May 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.30. During the same quarter in the prior year, the business posted $0.80 EPS. The firm earned $110 million during the quarter, compared to the consensus estimate of $110.44 million. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts expect that Spark Energy Inc. will post $1.97 earnings per share for the current year.

In other news, Director W Keith Maxwell III sold 21,353 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $30.02, for a total value of $641,017.06. Following the transaction, the director now owns 92,850 shares in the company, valued at $2,787,357. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Spark Energy stock. Advisors Asset Management Inc. increased its stake in shares of Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent filing with the SEC. 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 SEC filing.

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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