Spark Energy (NASDAQ:SPKE)‘s stock had its “hold” rating reissued by investment analysts at B. Riley in a research report issued to clients and investors on Monday. B. Riley also issued estimates for Spark Energy’s Q2 2018 earnings at $0.00 EPS and Q3 2018 earnings at $0.02 EPS.
Several other research firms have also recently commented on SPKE. Zacks Investment Research cut shares of Spark Energy from a “hold” rating to a “strong sell” rating in a report on Friday, January 5th. TheStreet upgraded shares of Spark Energy from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Finally, ValuEngine cut shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.79.
Spark Energy (SPKE) traded up $0.50 during midday trading on Monday, reaching $11.70. 777,226 shares of the company’s stock traded hands, compared to its average volume of 246,376. The company has a quick ratio of 1.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.69. Spark Energy has a 12 month low of $8.60 and a 12 month high of $23.65. The firm has a market cap of $387.86, a PE ratio of 13.83 and a beta of -1.66.
A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Spark Energy by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock valued at $19,813,000 after purchasing an additional 85,764 shares during the last quarter. Vanguard Group Inc. raised its position in Spark Energy by 118.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after purchasing an additional 661,547 shares during the last quarter. Crow Point Partners LLC raised its position in Spark Energy by 5.7% in the 4th quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock valued at $13,253,000 after purchasing an additional 57,426 shares during the last quarter. BlackRock Inc. raised its position in Spark Energy by 2.5% in the 4th quarter. BlackRock Inc. now owns 951,317 shares of the utilities provider’s stock valued at $11,795,000 after purchasing an additional 23,049 shares during the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Spark Energy in the 4th quarter valued at $5,646,000. Hedge funds and other institutional investors own 33.42% of the company’s stock.
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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