Spark Energy, Inc. (SPKE) Could Burn Your Portfolio. The Stock Formed Bearish Wedge Down Chart Pattern

December 7, 2017 - By Nellie Frank

Investors sentiment increased to 4.47 in Q2 2017. Its up 3.24, from 1.23 in 2017Q1. It improved, as 12 investors sold Spark Energy, Inc. shares while 7 reduced holdings. 23 funds opened positions while 62 raised stakes. 23.87 million shares or 265.11% more from 6.54 million shares in 2017Q1 were reported.
Moreover, Swiss Commercial Bank has 0% invested in Spark Energy, Inc. (NASDAQ:SPKE). Legal General Grp Public Limited has invested 0% of its portfolio in Spark Energy, Inc. (NASDAQ:SPKE). Dimensional Fund Lp reported 0% stake. Panagora Asset Mgmt Incorporated reported 52,781 shares. Sei owns 0% invested in Spark Energy, Inc. (NASDAQ:SPKE) for 76 shares. Bessemer Group holds 0% or 26,600 shares in its portfolio. State Street accumulated 209,922 shares. The Pennsylvania-based Pnc Grp Inc has invested 0% in Spark Energy, Inc. (NASDAQ:SPKE). Bard Associate accumulated 182,330 shares. Heartland stated it has 100,000 shares or 0.12% of all its holdings. Advsr Asset Mngmt holds 0.03% or 82,896 shares. D E Shaw reported 0% in Spark Energy, Inc. (NASDAQ:SPKE). New York-based New York State Common Retirement Fund has invested 0% in Spark Energy, Inc. (NASDAQ:SPKE). Janney Montgomery Scott Ltd Liability Corp has invested 0% of its portfolio in Spark Energy, Inc. (NASDAQ:SPKE). Ativo Capital Limited Liability Corp invested in 76,021 shares or 0.39% of the stock.

The stock of Spark Energy, Inc. (SPKE) formed a down wedge with $13.01 target or 4.00 % below today’s $13.55 share price. The 7 months wedge indicates high risk for the $469.25 million company. If the $13.01 price target is reached, the company will be worth $18.77M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.74% or $0.1 during the last trading session, reaching $13.55. About 105,809 shares traded. Spark Energy, Inc. (NASDAQ:SPKE) has risen 28.31% since December 8, 2016 and is uptrending. It has outperformed by 11.61% the S&P500.

Analysts await Spark Energy, Inc. (NASDAQ:SPKE) to report earnings on March, 1. They expect $0.31 EPS, down 40.38 % or $0.21 from last year’s $0.52 per share. SPKE’s profit will be $10.74M for 10.93 P/E if the $0.31 EPS becomes a reality. After $0.11 actual EPS reported by Spark Energy, Inc. for the previous quarter, Wall Street now forecasts 181.82 % EPS growth.

Spark Energy, Inc. (NASDAQ:SPKE) Ratings Coverage

Among 7 analysts covering Spark Energy (NASDAQ:SPKE), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Spark Energy had 19 analyst reports since August 18, 2015 according to SRatingsIntel. The company was initiated on Thursday, September 24 by Janney Capital. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, February 3. Janney Capital downgraded Spark Energy, Inc. (NASDAQ:SPKE) on Friday, June 10 to “Neutral” rating. The firm earned “Buy” rating on Thursday, April 7 by Wunderlich. Zacks upgraded Spark Energy, Inc. (NASDAQ:SPKE) on Tuesday, August 18 to “Hold” rating. The stock of Spark Energy, Inc. (NASDAQ:SPKE) has “Buy” rating given on Wednesday, November 1 by Janney Capital. FBR Capital maintained it with “Outperform” rating and $32 target in Friday, May 6 report. The stock of Spark Energy, Inc. (NASDAQ:SPKE) earned “Buy” rating by Guggenheim on Wednesday, February 1. The firm has “Neutral” rating given on Friday, August 19 by Ladenburg Thalmann. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, November 7.

More important recent Spark Energy, Inc. (NASDAQ:SPKE) news were published by: which released: “Spark Energy, Inc. Approves Two-for-One Stock Split” on May 23, 2017, also published article titled: “Spark Energy, Inc. (SPKE) Ex-Dividend Date Scheduled for November 28, 2017”, published: “Spark Energy, Inc. Announces Common and Preferred Stock Dividends” on October 17, 2017. More interesting news about Spark Energy, Inc. (NASDAQ:SPKE) was released by: and their article: “Spark Energy, Inc. Closes on Acquisition of Verde Energy” with publication date: July 05, 2017.

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