The Q2 2017 EPS Estimates for Spark Energy Inc Reduced by Analyst (SPKE)

The Q2 2017 EPS Estimates for Spark Energy Inc Reduced by Analyst (SPKE)

Spark Energy Inc (NASDAQ:SPKE) – Stock analysts at FBR & Co dropped their Q2 2017 EPS estimates for Spark Energy in a research report issued on Thursday. FBR & Co analyst C. Driscoll now forecasts that the utilities provider will post earnings per share of $0.37 for the quarter, down from their previous estimate of $0.44. FBR & Co currently has a “Outperform” rating and a $47.00 price target on the stock. FBR & Co also issued estimates for Spark Energy’s FY2017 earnings at $2.49 EPS, Q2 2018 earnings at $0.44 EPS and FY2018 earnings at $3.32 EPS.

Other analysts also recently issued reports about the stock. TheStreet upgraded shares of Spark Energy from a “c” rating to a “b-” rating in a report on Monday, May 8th. Janney Montgomery Scott set a $35.00 target price on shares of Spark Energy and gave the stock a “buy” rating in a report on Monday, February 27th. Zacks Investment Research upgraded shares of Spark Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. Ladenburg Thalmann Financial Services raised their target price on shares of Spark Energy from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, May 9th. Finally, Guggenheim downgraded shares of Spark Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, March 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Spark Energy currently has a consensus rating of “Buy” and an average price target of $37.17.

Spark Energy (NASDAQ SPKE) opened at 44.55 on Monday. The stock has a market capitalization of $289.53 million, a P/E ratio of 44.91 and a beta of -1.76. Spark Energy has a 12 month low of $22.57 and a 12 month high of $46.05. The company’s 50-day moving average is $37.26 and its 200-day moving average is $30.63. Shares of Spark Energy are going to split before the market opens on Monday, June 19th. The 2-1 split was announced on Tuesday, May 23rd. The newly issued shares will be payable to shareholders after the closing bell on Friday, June 16th. Several institutional investors have recently modified their holdings of the company. Bowling Portfolio Management LLC boosted its position in shares of Spark Energy by 6.7% in the fourth quarter. Bowling Portfolio Management LLC now owns 18,710 shares of the utilities provider’s stock valued at $567,000 after buying an additional 1,170 shares in the last quarter. Summit Global Investments acquired a new position in shares of Spark Energy during the fourth quarter valued at $424,000. Tudor Investment Corp Et Al acquired a new position in shares of Spark Energy during the fourth quarter valued at $409,000. GSA Capital Partners LLP boosted its position in shares of Spark Energy by 72.9% in the fourth quarter. GSA Capital Partners LLP now owns 77,072 shares of the utilities provider’s stock valued at $2,335,000 after buying an additional 32,500 shares in the last quarter. Finally, Allianz Asset Management AG acquired a new position in shares of Spark Energy during the fourth quarter valued at $228,000. 38.79% of the stock is owned by institutional investors.

In other Spark Energy news, Director W Keith Maxwell III purchased 2,400 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was bought at an average cost of $43.80 per share, with a total value of $105,120.00. Following the purchase, the director now directly owns 347,965 shares of the company’s stock, valued at $15,240,867. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James G. Jones II purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were acquired at an average cost of $26.96 per share, with a total value of $26,960.00. Following the completion of the purchase, the director now directly owns 13,677 shares in the company, valued at $368,731.92. The disclosure for this purchase can be found here. Insiders have bought a total of 48,849 shares of company stock valued at $1,850,775 over the last ninety days. Company insiders own 57.88% of the company’s stock. The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Tuesday, May 30th will be paid a dividend of $0.3625 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $1.45 annualized dividend and a dividend yield of 3.25%.

Spark Energy Company Profile Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SPKE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Spark Energy Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Spark Energy Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment