Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Spark Energy (NASDAQ:SPKE) Share Price
Media coverage about Spark Energy (NASDAQ:SPKE) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spark Energy earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.0661707725868 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Share Activity Lifted for Spark Energy Inc (SPKE) in Session – Sheridan Daily (sheridandaily.com)
- Spark Energy Inc (SPKE) Needle Moving on Volume – Sparta Review (spartareview.com)
- Insider Buying: Spark Energy, Inc. (SPKE) CEO Buys 1,000 Shares of Stock (americanbankingnews.com)
- Spark Energy, Inc. (SPKE) CEO Nathan Kroeker Acquires 1,000 Shares (americanbankingnews.com)
- Spark Energy, Inc. (SPKE) CEO Nathan Kroeker Buys 1,775 Shares (americanbankingnews.com)
Shares of Spark Energy (NASDAQ SPKE) traded up 3.71% during trading on Friday, reaching $18.15. 133,827 shares of the company were exchanged. The stock’s 50-day moving average is $19.99 and its 200-day moving average is $17.55. Spark Energy has a 52-week low of $11.52 and a 52-week high of $23.65. The firm has a market cap of $238.58 million, a price-to-earnings ratio of 25.00 and a beta of -1.62.
Spark Energy (NASDAQ:SPKE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.15. The firm had revenue of $151.44 million for the quarter, compared to the consensus estimate of $135.72 million. Spark Energy had a return on equity of 9.13% and a net margin of 1.68%. Equities research analysts predict that Spark Energy will post $0.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 29th will be issued a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, August 25th. Spark Energy’s payout ratio is 107.35%.
Spark Energy announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 24th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the utilities provider to reacquire up to 19.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several research analysts have recently commented on the company. ValuEngine raised Spark Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub cut shares of Spark Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Spark Energy from a “buy” rating to a “hold” rating in a research report on Friday. Janney Montgomery Scott set a $22.00 price objective on shares of Spark Energy and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Finally, FBR & Co set a $24.00 price objective on shares of Spark Energy and gave the stock a “buy” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.08.
In other Spark Energy news, Director W Keith Maxwell III acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $43.63 per share, with a total value of $43,630.00. Following the purchase, the director now owns 345,565 shares of the company’s stock, valued at $15,077,000.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nathan Kroeker sold 21,244 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $43.13, for a total transaction of $916,253.72. Following the completion of the sale, the chief executive officer now directly owns 28,135 shares of the company’s stock, valued at approximately $1,213,462.55. The disclosure for this sale can be found here. In the last ninety days, insiders bought 51,380 shares of company stock valued at $1,914,818 and sold 175,586 shares valued at $4,175,616. 66.89% of the stock is currently owned by corporate insiders.
About Spark Energy
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.
Receive News & Ratings for Spark Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.