Spark Energy (SPKE) is Downgraded by Wunderlich to Hold according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $20. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-24-2015.
Shares of Spark Energy, Inc. (NASDAQ:SPKE) ended Thursday session in red amid volatile trading. The shares closed down 0.38 points or 2.02% at $18.44 with 40,585 shares getting traded. Post opening the session at $18.73, the shares hit an intraday low of $18.2 and an intraday high of $18.765 and the price vacillated in this range throughout the day. The company has a market cap of $255 million and the number of outstanding shares has been calculated to be 13,847,193 shares. The 52-week high of Spark Energy, Inc. (NASDAQ:SPKE) is $19.955 and the 52-week low is $11.85.
During the last several months other analysts have commented on the company rating. Janney Capital initiates coverage on Spark Energy, Inc. (NASDAQ:SPKE) In a research note issued to the investors, the brokerage major announces a price-target of $20 per share.The shares have been rated Buy. The rating by the firm was issued on September 24, 2015.
As many as 4 brokerage firms have rated Spark Energy, Inc. (NASDAQ:SPKE) at 2.25. Research Analysts at Zacks have ranked the company at 4, suggesting the traders with a rating of sell for the short term. The stock garnered a place in the hold list of 2 stock Analysts. 1 analysts suggested buying the company. 1 analysts rated the company as a strong buy.
Spark Energy, Inc. (NASDAQ:SPKE): The stock price is expected to reach $ 19.67 in the short term. The number of analysts agreeing with this consensus is 3. The higher estimate for the short term price target is at $20 while the lower estimate is at $19. The standard deviation of the price stands at $0.58.
Spark Energy, Inc. has dropped 1.91% in the last five trading days, however, the shares have posted positive gains of 6.32% in the last 4 weeks. Spark Energy, Inc. is up 11.3% in the last 3-month period. Year-to-Date the stock performance stands at 43.64%.”
Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in markets across the United States with an alternative choice for their natural gas and electricity. The Company purchases its natural gas and electricity supply from a variety of wholesale providers and bills its customers monthly for the delivery of natural gas and electricity based on their consumption at either a fixed or variable price. As of May 31, 2014, The Company operates in 46 utility service territories across 16 states and had approximately 237,600 residential customers and 17,800 commercial customers, which translates to over 392,500 residential customer equivalents (RCEs). The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment.