Spark Energy (NASDAQ:SPKE) Stock Rating Lowered by BidaskClub

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Spark Energy (NASDAQ:SPKE) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday, BidAskClub reports.

A number of other research analysts also recently weighed in on SPKE. ValuEngine downgraded Spark Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Spark Energy from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, October 15th.

Shares of NASDAQ SPKE opened at $10.43 on Friday. Spark Energy has a 1 year low of $7.20 and a 1 year high of $11.71. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.96 and a quick ratio of 1.93. The company’s 50-day moving average is $10.16 and its 200 day moving average is $10.43. The stock has a market capitalization of $365.51 million, a P/E ratio of -15.12 and a beta of -0.25.

Spark Energy (NASDAQ:SPKE) last released its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.96. Spark Energy had a net margin of 0.84% and a return on equity of 23.57%. The company had revenue of $207.09 million during the quarter, compared to the consensus estimate of $250.70 million. Research analysts anticipate that Spark Energy will post 0.27 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Walleye Trading LLC purchased a new stake in Spark Energy in the second quarter worth about $112,000. Walleye Trading Advisors LLC bought a new position in shares of Spark Energy during the second quarter valued at approximately $115,000. Meeder Asset Management Inc. purchased a new position in shares of Spark Energy during the second quarter valued at approximately $120,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Spark Energy during the second quarter valued at approximately $124,000. Finally, Sun Life Financial INC grew its stake in shares of Spark Energy by 108.4% in the 2nd quarter. Sun Life Financial INC now owns 14,929 shares of the utilities provider’s stock worth $167,000 after buying an additional 7,764 shares during the last quarter. 30.57% of the stock is currently owned by institutional investors and hedge funds.

About Spark Energy

Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company engages in the retail distribution of electricity and natural gas to residential and commercial customers.

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