Spark Energy Inc. (NASDAQ:SPKE)’s share price shot up 5.4% during mid-day trading on Friday . The company traded as high as $29.68 and last traded at $28.69, with a volume of 280,775 shares trading hands. The stock had previously closed at $27.22.

A number of research firms have issued reports on SPKE. TheStreet upgraded Spark Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd. Wunderlich upgraded Spark Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $22.00 in a research note on Thursday, April 7th. FBR & Co reiterated a “buy” rating on shares of Spark Energy in a research note on Monday, June 6th. Janney Montgomery Scott cut their price target on Spark Energy from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, March 25th. Finally, Robert W. Baird reiterated a “neutral” rating on shares of Spark Energy in a research note on Wednesday, March 30th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.20.

The firm has a market cap of $168.04 million and a PE ratio of 16.62. The firm has a 50-day moving average price of $32.13 and a 200 day moving average price of $26.01.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Wednesday, May 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.30. The company earned $110 million during the quarter, compared to the consensus estimate of $110.44 million. Spark Energy’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. Analysts forecast that Spark Energy Inc. will post $1.97 earnings per share for the current fiscal year.

In related news, Director W Keith Maxwell III sold 12,700 shares of the stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $33.00, for a total value of $419,100.00. Following the completion of the transaction, the director now directly owns 92,850 shares of the company’s stock, valued at $3,064,050. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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