Janney Capital Downgrades Spark Energy Inc to Neutral

Brokerage firm Janney Capital Downgrades its rating on Spark Energy Inc(NASDAQ:SPKE). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Janney Capital was issued on Jun 10, 2016.

In a different note, On May 6, 2016, Wunderlich said it Maintains its rating on Spark Energy Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm. FBR Capital said it Initiates Coverage on Spark Energy Inc, according to a research note issued on Apr 26, 2016. The shares have been rated ‘Outperform’ by the firm. On Apr 7, 2016, Wunderlich said it Assumes its rating on Spark Energy Inc. The shares have been rated ‘Buy’ by the firm.

Spark Energy Inc (SPKE) shares turned negative on Wednesdays trading session with the shares closing down -0.49 points or -1.41% at a volume of 1,02,710. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.85. The peak price level was also seen at $34.85 while the days lowest was $33.98. Finally the shares closed at $34.34. The 52-week high of the shares is $35.6299 while the 52-week low is $14. According to the latest information available, the market cap of the company is $476 M.

Spark Energy Inc(SPKE) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $110.55M. Analysts had an estimated revenue of $110.44M. Earnings per share were $1.01. Analysts had estimated an EPS of $0.83.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, W Keith Iii Maxwell (director 10% owner) sold 63,720 shares at $30.89 per share price.Also, On Dec 28, 2015, Georganne Hodges (Vice President & CFO) sold 1,518 shares at $20.21 per share price.On Jun 16, 2015, Nathan Kroeker (CEO) purchased 5,000 shares at $14.90 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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