Spark Energy Inc (SPKE) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 32

Spark Energy Inc (SPKE) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $27 . FBR Capital advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Spark Energy Inc. Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $22 .FBR Capital Initiated Spark Energy Inc on Apr 26, 2016 to “Outperform”, Price Target of the shares are set at $27.Company shares were Upgraded by Wunderlich on Apr 7, 2016 to ” Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .

On the company’s financial health, Spark Energy Inc reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.48 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.65. The company had revenue of $110.00 million for the quarter, compared to analysts expectations of $110.44 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Spark Energy Inc opened for trading at $24.8 and hit $26.6 on the upside on Wednesday, eventually ending the session at $25.87, with a gain of 4.44% or 1.1 points. The heightened volatility saw the trading volume jump to 1,05,221 shares. Company has a market cap of $359 M.

In a different news, on Dec 28, 2015, Georganne Hodges (Vice President & CFO) sold 1,518 shares at $20.21 per share price. According to the SEC, on Jun 16, 2015, Nathan Kroeker (CEO) purchased 5,000 shares at $14.90 per share price.

Spark Energy Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. Retail Natural Gas segment purchases natural gas supply through physical and financial transactions with market counterparts and supply natural gas to residential and commercial consumers. The Retail Electricity segment purchases electricity supply through physical and financial transactions with market counterparts and independent system operators (ISOs) and supply electricity to residential and commercial consumers. As of December 31 2014 it operated in 46 utility service territories across 16 states and had approximately 303000 residential customers and 15000 commercial customers.

Spark Energy Inc

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