Zacks Investment Research downgraded Spark Energy Inc (NASDAQ:SPKE) to Strong Sell in a report released today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Spark Energy Inc (NASDAQ:SPKE) to Strong Sell in a statement released on 10/12/2016.
Yesterday Spark Energy Inc (NASDAQ:SPKE) traded -0.63% lower at $25.28. Spark Energy Inc’s 50-day moving average is $28.42 and its two hundred day average is $27.66. With the last close down -8.15% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 75,647 shares of SPKE traded, down from an avg. volume of 235,729
See Chart Below
Spark Energy Inc has 52 week low of $15.91 and a one year high of $35.63 with a price-earnings ratio of 13.01 and has a total market value of $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 brokerages have issued a ratings update on SPKE. The one year target is $31.25 with zero analysts rating the company a strong buy, 0 firms rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokers rating the company a underperform, and lastly zero brokerages rating the company a sell.
Brief Synopsis About 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.