Spark Energy Inc (SPKE) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $1.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.48. Analysts had a consensus of $0.65. The company posted revenue of $110.00 million in the period, 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.
Many Wall Street Analysts have commented on Spark Energy Inc. 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 .
Spark Energy Inc closed down -0.84 points or -3.26% at $24.94 with 1,74,643 shares getting traded on Monday. Post opening the session at $26, the shares hit an intraday low of $24.72 and an intraday high of $26.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.