Spark Energy Inc (SPKE) Expected to Post Quarterly Sales of $227.33 Million

Analysts forecast that Spark Energy Inc (NASDAQ:SPKE) will post sales of $227.33 million for the current quarter, according to Zacks. Two analysts have issued estimates for Spark Energy’s earnings, with the lowest sales estimate coming in at $219.70 million and the highest estimate coming in at $234.95 million. Spark Energy posted sales of $168.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.8%. The company is scheduled to report its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Spark Energy will report full-year sales of $227.33 million for the current year, with estimates ranging from $781.00 million to $798.23 million. For the next fiscal year, analysts expect that the business will post sales of $899.97 million per share, with estimates ranging from $879.60 million to $920.33 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Spark Energy.

Several equities analysts recently issued reports on SPKE shares. TheStreet raised Spark Energy from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. ValuEngine raised Spark Energy from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley lowered Spark Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.50 to $17.00 in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Spark Energy presently has an average rating of “Hold” and a consensus target price of $22.21.

Shares of Spark Energy (SPKE) traded down $0.60 during trading on Thursday, hitting $11.35. The stock had a trading volume of 272,700 shares, compared to its average volume of 250,550. Spark Energy has a twelve month low of $10.70 and a twelve month high of $23.65. The firm has a market cap of $413.83, a price-to-earnings ratio of 14.01 and a beta of -1.68. The company has a current ratio of 1.63, a quick ratio of 1.58 and a debt-to-equity ratio of 0.69.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th were issued a $0.1813 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.39%. Spark Energy’s payout ratio is currently 90.12%.

In other Spark Energy news, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,308 shares in the company, valued at approximately $358,729.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Keith Maxwell III bought 36,600 shares of the stock in a transaction on Thursday, December 21st. The stock was bought at an average price of $12.00 per share, for a total transaction of $439,200.00. Following the completion of the purchase, the director now directly owns 966,372 shares in the company, valued at approximately $11,596,464. The disclosure for this purchase can be found here. Insiders have purchased a total of 102,750 shares of company stock worth $1,304,516 in the last 90 days. 66.89% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its holdings in Spark Energy by 47.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 73,522 shares of the utilities provider’s stock worth $1,382,000 after purchasing an additional 23,761 shares during the last quarter. Swiss National Bank acquired a new position in Spark Energy during the second quarter worth $365,000. Goldman Sachs Group Inc. raised its holdings in Spark Energy by 129.6% during the second quarter. Goldman Sachs Group Inc. now owns 30,891 shares of the utilities provider’s stock worth $581,000 after purchasing an additional 17,435 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Spark Energy by 892.6% during the second quarter. Russell Investments Group Ltd. now owns 14,561 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 13,094 shares during the last quarter. Finally, Bard Associates Inc. raised its holdings in Spark Energy by 98.8% during the second quarter. Bard Associates Inc. now owns 182,330 shares of the utilities provider’s stock worth $3,428,000 after purchasing an additional 90,615 shares during the last quarter. 35.28% of the stock is owned by institutional investors and hedge funds.

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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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