Analysts expect that Spark Energy Inc (NASDAQ:SPKE) will post sales of $231.71 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Spark Energy’s earnings, with the lowest sales estimate coming in at $219.70 million and the highest estimate coming in at $243.72 million. Spark Energy posted sales of $168.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 37.4%. The business is scheduled to report its next earnings report after the market closes on Thursday, March 8th.

On average, analysts expect that Spark Energy will report full year sales of $231.71 million for the current year, with estimates ranging from $781.00 million to $807.00 million. For the next financial year, analysts forecast that the firm will post sales of $875.63 million per share, with estimates ranging from $862.80 million to $888.46 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Spark Energy.

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A number of equities analysts recently issued reports on SPKE shares. B. Riley set a $14.00 target price on shares of Spark Energy and gave the company a “neutral” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Spark Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, January 5th. TheStreet raised shares of Spark Energy from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Finally, ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.79.

In other Spark Energy news, VP Gil Melman sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $12.24, for a total transaction of $48,960.00. Following the completion of the sale, the vice president now directly owns 29,308 shares of the company’s stock, valued at $358,729.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Keith Maxwell III acquired 7,200 shares of Spark Energy stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $11.88 per share, with a total value of $85,536.00. Following the completion of the purchase, the director now directly owns 952,122 shares of the company’s stock, valued at approximately $11,311,209.36. The disclosure for this purchase can be found here. Insiders acquired a total of 68,150 shares of company stock valued at $847,615 over the last three months. 66.89% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Sanders Morris Harris LLC purchased a new stake in Spark Energy during the fourth quarter valued at about $5,646,000. Macquarie Group Ltd. lifted its stake in Spark Energy by 1,492.0% during the fourth quarter. Macquarie Group Ltd. now owns 33,431 shares of the utilities provider’s stock valued at $415,000 after buying an additional 31,331 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Spark Energy by 258.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 47,869 shares of the utilities provider’s stock valued at $594,000 after buying an additional 34,523 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Spark Energy during the fourth quarter valued at about $243,000. Finally, Alliancebernstein L.P. lifted its stake in Spark Energy by 40.9% during the fourth quarter. Alliancebernstein L.P. now owns 210,770 shares of the utilities provider’s stock valued at $2,614,000 after buying an additional 61,160 shares in the last quarter. 33.42% of the stock is owned by institutional investors.

Spark Energy (NASDAQ SPKE) opened at $11.20 on Monday. The stock has a market cap of $387.86, a PE ratio of 13.83 and a beta of -1.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.63 and a quick ratio of 1.58. Spark Energy has a 12-month low of $8.60 and a 12-month high of $23.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Thursday, March 1st. Spark Energy’s payout ratio is 90.12%.

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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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