Spark Energy (SPKE) Receiving Somewhat Positive Media Coverage, Report Shows
Media stories about Spark Energy (NASDAQ:SPKE) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spark Energy earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.8414599132783 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Spark Energy Inc (SPKE) VP Sells $48,960.00 in Stock (americanbankingnews.com)
- Spark Energy Inc (SPKE) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- 32 Biggest Movers From Yesterday – Benzinga (benzinga.com)
- W Keith Maxwell III Acquires 36,600 Shares of Spark Energy Inc (SPKE) Stock (americanbankingnews.com)
Shares of Spark Energy (NASDAQ:SPKE) opened at $11.95 on Wednesday. The stock has a market cap of $429.41, a P/E ratio of 14.75 and a beta of -1.68. Spark Energy has a 12 month low of $10.70 and a 12 month high of $23.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.63.
A number of research analysts have weighed in on the stock. ValuEngine raised shares of Spark Energy from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. B. Riley cut shares of Spark Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.50 to $17.00 in a research report on Tuesday, November 7th. TheStreet raised shares of Spark Energy from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. Zacks Investment Research raised shares of Spark Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Spark Energy currently has a consensus rating of “Hold” and an average price target of $22.21.
In other news, VP Gil Melman sold 4,000 shares of Spark Energy stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total transaction of $48,960.00. Following the sale, the vice president now owns 29,308 shares in the company, valued at $358,729.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Keith Maxwell III acquired 36,600 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were purchased at an average price of $12.00 per share, for a total transaction of $439,200.00. Following the purchase, the director now directly owns 966,372 shares of the company’s stock, valued at $11,596,464. The disclosure for this purchase can be found here. Insiders have bought 102,750 shares of company stock worth $1,304,516 in the last quarter. Insiders own 66.89% of the company’s stock.
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About Spark Energy
Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.
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