News headlines about Spark Energy (NASDAQ:SPKE) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spark Energy earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.3648451440479 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of analysts have recently issued reports on SPKE shares. Janney Montgomery Scott upgraded Spark Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. TheStreet lowered Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. Zacks Investment Research raised Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine lowered Spark Energy from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, B. Riley lowered Spark Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.50 to $17.00 in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.21.
Spark Energy (SPKE) opened at $10.25 on Monday. The company has a market capitalization of $354.96, a price-to-earnings ratio of 12.65 and a beta of -1.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63. Spark Energy has a 52 week low of $9.20 and a 52 week high of $23.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.1813 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.73 dividend on an annualized basis and a yield of 7.07%. Spark Energy’s payout ratio is currently 90.12%.
In other news, VP Gil Melman sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total value of $48,960.00. Following the completion of the sale, the vice president now owns 29,308 shares in the company, valued at $358,729.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Keith Maxwell III acquired 9,800 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was purchased at an average price of $13.31 per share, with a total value of $130,438.00. Following the acquisition, the director now owns 867,713 shares of the company’s stock, valued at $11,549,260.03. The disclosure for this purchase can be found here. In the last three months, insiders bought 101,750 shares of company stock valued at $1,292,716. Company insiders own 66.89% of the company’s stock.
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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.
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