Stock of the Day: Could Spark Energy Inc Crash Even More? The Stock Had Another Big Decline Today

Stock of the Day: Could Spark Energy Inc Crash Even More? The Stock Had Another Big Decline Today

The stock of Spark Energy Inc (NASDAQ:SPKE) is a huge mover today! The stock decreased 2.22% or $0.66 during the last trading session, hitting $29.13. About 243,687 shares traded hands or 49.37% up from the average. Spark Energy Inc (NASDAQ:SPKE) has risen 20.27% since February 29, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.
The move comes after 5 months negative chart setup for the $425.02 million company. It was reported on Oct, 1 by Barchart.com. We have $25.05 PT which if reached, will make NASDAQ:SPKE worth $59.50M less.

Analysts await Spark Energy Inc (NASDAQ:SPKE) to report earnings on November, 9. They expect $0.39 EPS, up 25.81% or $0.08 from last year’s $0.31 per share. SPKE’s profit will be $5.69 million for 18.67 P/E if the $0.39 EPS becomes a reality. After $0.30 actual EPS reported by Spark Energy Inc for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

Spark Energy Inc (NASDAQ:SPKE) Ratings Coverage

Out of 5 analysts covering Spark Energy (NASDAQ:SPKE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Spark Energy has been the topic of 11 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann initiated the stock with “Neutral” rating in Friday, August 19 report. Wunderlich maintained Spark Energy Inc (NASDAQ:SPKE) rating on Friday, August 12. Wunderlich has “Buy” rating and $35 price target. The firm has “Hold” rating by Wunderlich given on Thursday, December 24. The company was maintained on Friday, May 6 by FBR Capital. The company was downgraded on Wednesday, February 3 by Robert W. Baird. The rating was reinitiated by Wunderlich on Thursday, April 7 with “Buy”. The stock of Spark Energy Inc (NASDAQ:SPKE) has “Buy” rating given on Friday, May 6 by Wunderlich. The firm has “Buy” rating by Janney Capital given on Thursday, September 24. The stock of Spark Energy Inc (NASDAQ:SPKE) has “Outperform” rating given on Tuesday, April 26 by FBR Capital. Janney Capital downgraded the stock to “Neutral” rating in Friday, June 10 report.

According to Zacks Investment Research, “Spark Energy, Inc. is an independent retail energy services company. It provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The company is involved in the retail distribution of natural gas and electricity. It also offers renewable and carbon neutral products. Spark Energy, Inc. is headquartered in Houston, Texas.”

Insitutional Activity: The institutional sentiment decreased to 3.14 in Q2 2016. Its down 1.11, from 4.25 in 2016Q1. The ratio is negative, as 5 funds sold all Spark Energy Inc shares owned while 17 reduced positions. 34 funds bought stakes while 35 increased positions. They now own 8.94 million shares or 44.01% more from 6.21 million shares in 2016Q1.
The Manitoba – Canada-based Great West Life Assurance Company Can has invested 0% in Spark Energy Inc (NASDAQ:SPKE). Teachers accumulated 0% or 6,507 shares. New York State Common Retirement Fund holds 0% of its portfolio in Spark Energy Inc (NASDAQ:SPKE) for 2,700 shares. Bridgeway Cap Management Inc has 0.01% invested in the company for 21,550 shares. Moreover, Blackrock Inv Limited Liability Corporation has 0% invested in Spark Energy Inc (NASDAQ:SPKE) for 19,292 shares. Vanguard Grp reported 300,339 shares or 0% of all its holdings. Deutsche Financial Bank Ag holds 0% or 71,655 shares in its portfolio. Menta Limited Co owns 17,560 shares or 0.08% of their US portfolio. Citigroup Inc last reported 0% of its portfolio in the stock. Eqis Cap Management last reported 0.02% of its portfolio in the stock. Blackrock Institutional Tru Na holds 0% or 222,567 shares in its portfolio. Moreover, Parametric Associates has 0% invested in Spark Energy Inc (NASDAQ:SPKE) for 67,724 shares. Bard has invested 1.69% of its portfolio in Spark Energy Inc (NASDAQ:SPKE). The Pennsylvania-based Nationwide Fund Advsrs has invested 0.01% in Spark Energy Inc (NASDAQ:SPKE). Ativo Capital Mgmt Limited Liability Corporation has 0.33% invested in the company for 40,510 shares.

Insider Transactions: Since March 31, 2016, the stock had 1 buy, and 9 selling transactions for $21.10 million net activity. Shares for $3.28 million were sold by Maxwell W Keith III. Jones James G II had bought 500 shares worth $12,990 on Friday, August 19.

Another recent and important Spark Energy Inc (NASDAQ:SPKE) news was published by Nasdaq.com which published an article titled: “Spark Energy, Inc. Announces Closing of Provider Acquisition and Date for …” on August 01, 2016.

SPKE Company Profile

Spark Energy, Inc., incorporated on April 22, 2014, is an independent retail energy services company. The Firm provides residential and commercial clients in the United States with an alternative for their natural gas and electricity. The Firm operates in two divisions: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential clients and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs). The Firm serves natural gas clients in over 10 states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio and Pennsylvania, and electricity clients in over nine states, including Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.

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