B. Riley set a $14.00 target price on Spark Energy (NASDAQ:SPKE) in a report released on Wednesday, Marketbeat.com reports. The firm currently has a neutral rating on the utilities provider’s stock. B. Riley also issued estimates for Spark Energy’s Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $0.75 EPS.
Several other equities research analysts have also recently issued reports on SPKE. ValuEngine cut 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 sell rating to a hold rating in a research note on Friday, February 9th. Finally, TheStreet raised Spark Energy from a c+ rating to a b- rating in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $21.79.
Spark Energy (NASDAQ:SPKE) traded up $2.60 during mid-day trading on Wednesday, reaching $11.20. The company’s stock had a trading volume of 1,530,000 shares, compared to its average volume of 251,062. 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 capitalization of $387.86, a PE ratio of 13.83 and a beta of -1.65. Spark Energy has a one year low of $8.60 and a one year high of $23.65.
In other news, Director W Keith Maxwell III acquired 22,850 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $13.34 per share, with a total value of $304,819.00. Following the completion of the purchase, the director now owns 936,322 shares of the company’s stock, valued at approximately $12,490,535.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total value of $48,960.00. Following the completion of the sale, the vice president now directly owns 29,308 shares of the company’s stock, valued at $358,729.92. The disclosure for this sale can be found here. In the last three months, insiders have acquired 68,150 shares of company stock valued at $847,615. 66.89% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SPKE. Alliancebernstein L.P. grew its stake in shares of Spark Energy by 37.1% in the second quarter. Alliancebernstein L.P. now owns 13,300 shares of the utilities provider’s stock valued at $250,000 after buying an additional 3,600 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Spark Energy by 50.1% in the second quarter. Teachers Advisors LLC now owns 21,507 shares of the utilities provider’s stock valued at $404,000 after buying an additional 7,177 shares in the last quarter. Northern Trust Corp grew its stake in shares of Spark Energy by 180.7% in the second quarter. Northern Trust Corp now owns 175,906 shares of the utilities provider’s stock valued at $3,307,000 after buying an additional 113,243 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock valued at $22,941,000 after buying an additional 661,547 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Spark Energy by 134.3% in the second quarter. Parametric Portfolio Associates LLC now owns 117,545 shares of the utilities provider’s stock valued at $2,210,000 after buying an additional 67,382 shares in the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.
WARNING: This piece was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3255768/b-riley-analysts-give-spark-energy-spke-a-14-00-price-target.html.
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.
Receive News & Ratings for Spark Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy and related companies with MarketBeat.com's FREE daily email newsletter.