Spark Energy Inc (NASDAQ:SPKE) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be given a dividend of 0.1813 per share by the utilities provider on Friday, March 16th. This represents a $0.73 annualized dividend and a yield of 6.36%. The ex-dividend date is Thursday, March 1st.
Spark Energy (SPKE) traded up $0.30 during mid-day trading on Friday, hitting $11.40. The stock had a trading volume of 67,184 shares, compared to its average volume of 208,500. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63. The firm has a market cap of $394.79, a P/E ratio of 14.07 and a beta of -1.67. Spark Energy has a one year low of $10.70 and a one year high of $23.65.
Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.17). Spark Energy had a net margin of 1.84% and a return on equity of 10.49%. analysts predict that Spark Energy will post 0.58 EPS for the current year.
A number of research analysts have recently weighed in on SPKE shares. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. TheStreet raised Spark Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. ValuEngine downgraded Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Spark Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, B. Riley downgraded Spark Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.50 to $17.00 in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.21.
Spark Energy Company Profile
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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