Spark Energy Inc (NASDAQ:SPKE) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Spark Energy Inc (NASDAQ:SPKE) to Hold in a statement released on 10/06/2016.
Previously on 08/17/2016, Zacks Investment Research reported on Spark Energy Inc (NASDAQ:SPKE) raised the target price from $0.00 to $30.00 that suggested an upside of 0.13%.
Just yesterday Spark Energy Inc (NASDAQ:SPKE) traded -1.80% lower at $26.75. Spark Energy Inc’s 50-day moving average is $28.69 and its 200-day moving average is $27.58. The last stock price is down -6.87% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 177,355 shares of SPKE changing hands under the typical 252,865
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Spark Energy Inc has a price-earnings ratio of 13.15 with a one year low of $15.89 and a one year high of $35.63 SPKE’s total market value is presently $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $31.25 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis On Spark Energy Inc (NASDAQ:SPKE)
Spark Energy, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment. It operates in approximately 50 utility service territories across over 20 states and has approximately 328,000 residential customers and over 19,000 commercial customers, which translates to approximately 415,000 renewable energy credits (RCEs). The Company serves natural gas customers in over 10 states, including Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, Ohio and Pennsylvania, and electricity customers in over nine states, including Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania and Texas.
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