Brokerages forecast that Spark Energy (NASDAQ:SPKE) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Spark Energy’s earnings. Spark Energy reported earnings of $0.17 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The company is expected to report its next earnings results on Monday, May 14th.
On average, analysts expect that Spark Energy will report full year earnings of $0.68 per share for the current year. For the next year, analysts expect that the firm will report earnings of $1.28 per share. Zacks’ EPS calculations are an average based on a survey of analysts that cover Spark Energy.
A number of brokerages have recently commented on SPKE. ValuEngine downgraded Spark Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. Zacks Investment Research raised Spark Energy from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. B. Riley reissued a “hold” rating on shares of Spark Energy in a research report on Monday, March 12th. Finally, BidaskClub raised Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 14th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Spark Energy has a consensus rating of “Hold” and an average target price of $21.79.
Shares of NASDAQ:SPKE opened at $11.40 on Friday. Spark Energy has a 1 year low of $8.60 and a 1 year high of $23.65. The company has a quick ratio of 1.94, a current ratio of 1.96 and a debt-to-equity ratio of 0.77.
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP acquired a new position in shares of Spark Energy during the fourth quarter worth about $136,000. Allianz Asset Management GmbH acquired a new position in Spark Energy in the third quarter valued at approximately $243,000. Stone Ridge Asset Management LLC acquired a new position in Spark Energy in the fourth quarter valued at approximately $243,000. Nisa Investment Advisors LLC boosted its holdings in Spark Energy by 42.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock valued at $248,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Spark Energy by 131.4% in the third quarter. Public Employees Retirement System of Ohio now owns 22,582 shares of the utilities provider’s stock valued at $339,000 after purchasing an additional 12,824 shares in the last quarter. 33.27% of the stock is owned by institutional investors and hedge funds.
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Spark Energy Company Profile
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 is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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