Spark Energy (NASDAQ:SPKE) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Thursday.
A number of other research firms also recently commented on SPKE. B. Riley set a $14.00 target price on Spark Energy and gave the stock a “neutral” rating in a research report on Wednesday, March 7th. BidaskClub upgraded Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 14th. Zacks Investment Research downgraded Spark Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, March 9th. ValuEngine cut Spark Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Finally, Guggenheim reissued a “buy” rating and set a $18.00 price objective on shares of Spark Energy in a research note on Monday, April 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Spark Energy has an average rating of “Hold” and an average price target of $21.75.
NASDAQ:SPKE opened at $11.00 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.94 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $398.13 million, a P/E ratio of -22.92 and a beta of -1.87. Spark Energy has a 12 month low of $10.35 and a 12 month high of $11.00.
Spark Energy (NASDAQ:SPKE) last posted its earnings results on Friday, March 9th. The utilities provider reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($1.07). The firm had revenue of $234.78 million during the quarter, compared to analysts’ expectations of $231.71 million. Spark Energy had a negative return on equity of 2.48% and a net margin of 2.37%. equities research analysts anticipate that Spark Energy will post 0.68 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cambria Investment Management L.P. bought a new stake in Spark Energy during the first quarter worth approximately $128,000. First Trust Advisors LP bought a new stake in Spark Energy during the fourth quarter worth approximately $136,000. Stone Ridge Asset Management LLC bought a new stake in Spark Energy during the fourth quarter worth approximately $243,000. Nisa Investment Advisors LLC increased its stake in Spark Energy by 42.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock worth $248,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in Spark Energy during the first quarter worth approximately $322,000. 33.05% of the stock is currently owned by institutional investors.
About Spark Energy
Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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