Zacks: Spark Energy Inc (NASDAQ:SPKE) Given $19.67 Consensus Price Target by Analysts

Spark Energy Inc (NASDAQ:SPKE) has been given a consensus broker rating score of 2.40 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. Spark Energy’s rating score has declined by 37.1% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price objective of $19.67 for the company and are expecting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also given Spark Energy an industry rank of 149 out of 265 based on the ratings given to its competitors.

In other Spark Energy news, Director W Keith Maxwell III bought 10,000 shares of the business’s stock in a transaction on Friday, November 27th. The stock was bought at an average price of $18.48 per share, for a total transaction of $184,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Georganne Hodges sold 2,500 shares of Spark Energy stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $18.50, for a total transaction of $46,250.00. Following the transaction, the chief financial officer now owns 1,518 shares of the company’s stock, valued at approximately $28,083. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Spark Energy stock. Crow Point Partners raised its position in Spark Energy Inc (NASDAQ:SPKE) by 4.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,260 shares of the company’s stock after buying an additional 5,260 shares during the period. Crow Point Partners owned about 1.22% of Spark Energy worth $2,172,000 at the end of the most recent reporting period.

Spark Energy (NASDAQ:SPKE) opened at 20.575 on Monday. The firm has a 50 day moving average of $18.79 and a 200-day moving average of $16.78. The firm has a market cap of $63.72 million and a P/E ratio of 22.585. Spark Energy has a 12 month low of $11.85 and a 12 month high of $22.53.

Spark Energy (NASDAQ:SPKE) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.20. The company had revenue of $91.80 million for the quarter, compared to analyst estimates of $90.73 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Spark Energy’s revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts forecast that Spark Energy will post $1.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 14th. Shareholders of record on Monday, November 30th were given a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a yield of 7.00%. The ex-dividend date was Wednesday, November 25th.

Several brokerages recently commented on SPKE. Wunderlich lowered shares of Spark Energy from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research note on Thursday, December 24th. Janney Montgomery Scott lowered shares of Spark Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 16th. Finally, Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 28th.

12 Month Chart for NASDAQ:SPKE

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. Retail Natural Gas segment purchases natural gas supply through physical and financial transactions with market counterparts and supply natural gas to residential and commercial consumers. The Retail Electricity segment purchases electricity supply through physical and financial transactions with market counterparts and independent system operators (NASDAQ:SPKE) and supply electricity to residential and commercial consumers. As of December 31, 2014, it operated in 46 utility service territories across 16 states and had approximately 303,000 residential customers and 15,000 commercial customers.

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