Ladenburg Thalmann Initiates Coverage on Spark Energy Inc to Neutral

Ladenburg Thalmann Initiates Coverage on Spark Energy Inc(NASDAQ:SPKE). The shares have been rated Neutral. The rating by Ladenburg Thalmann was issued on Aug 19, 2016.

In a different note, On Jul 28, 2016, Janney Capital said it Upgrades its rating on Spark Energy Inc. The shares have been rated ‘Buy’ by the firm. On Jun 10, 2016, Janney Capital said it Downgrades its rating on Spark Energy Inc. The shares have been rated ‘Neutral’ by the firm.

Spark Energy Inc (SPKE) made into the market gainers list on Mondays trading session with the shares advancing 0.93% or 0.27 points. Due to strong positive momentum, the stock ended at $29.2, which is also near the day’s high of $29.32. The stock began the session at $29.14 and the volume stood at 1,69,366 shares. The 52-week high of the shares is $35.6299 and the 52 week low is $14.82. The company has a current market capitalization of $430 M and it has 1,47,17,894 shares in outstanding.

Spark Energy Inc(SPKE) last announced its earnings results on Aug 10, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $76.19M. Analysts had an estimated revenue of $70.41M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.23.

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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