Spark Energy Inc (SPKE) Receives $21.70 Consensus Price Target from Brokerages
Spark Energy Inc (NASDAQ:SPKE) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.70.
Several brokerages have recently commented on SPKE. TheStreet downgraded Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Spark Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley downgraded Spark Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.50 to $17.00 in a research note on Tuesday, November 7th. Finally, ValuEngine downgraded Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
In other Spark Energy news, VP Gil Melman sold 4,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total transaction of $48,960.00. Following the completion of the transaction, the vice president now directly owns 29,308 shares of the company’s stock, valued at $358,729.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Keith Maxwell III acquired 2,300 shares of Spark Energy stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $13.55 per share, with a total value of $31,165.00. Following the completion of the acquisition, the director now owns 907,872 shares of the company’s stock, valued at approximately $12,301,665.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 102,750 shares of company stock valued at $1,304,516. 66.89% of the stock is currently owned by corporate insiders.
Shares of Spark Energy (NASDAQ SPKE) traded down $0.20 during trading on Monday, hitting $11.30. The stock had a trading volume of 106,031 shares, compared to its average volume of 237,689. The stock has a market capitalization of $398.24, a P/E ratio of 14.20 and a beta of -1.68. Spark Energy has a 12-month low of $10.70 and a 12-month high of $23.65. 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 announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Tuesday, November 28th. Spark Energy’s dividend payout ratio is presently 90.12%.
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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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