FBR Capital Believes Spark Energy (NASDAQ: SPKE) Won’t Stop Here

By Carrie Williams

In a report released yesterday, Carter Driscoll from FBR Capital reiterated a Buy rating on Spark Energy (NASDAQ: SPKE). The company’s shares opened today at $40.50, close to its 52-week high of $41.70.

According to TipRanks.com, Driscoll is ranked 0 out of 5 stars with an average return of -10.1% and a 34.7% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Hydrogenics Corp.

Currently, the analyst consensus on Spark Energy is Moderate Buy and the average price target is $44, representing an 8.6% upside.

In a report released yesterday, Janney Montgomery also maintained a Buy rating on the stock with a $44 price target.

Spark Energy’s market cap is currently $263.2M and has a P/E ratio of 22.88. The company has a book value ratio of 6.8189.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPKE in relation to earlier this year. Most recently, in March 2017, James G. Jones, a Director at SPKE bought 1,000 shares for a total of $26,950.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Spark Energy, Inc. engages in the supply and retail of electricity and natural gas. The company operates through two segments: Retail Natural Gas and Retail Electricity. The 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 pursuant to fixed-price, variable-price and flat rate contracts. The Retail Electricity segment supplies through physical and financial transactions with market counterparts and independent system operators and supply electricity to residential and commercial consumers pursuant to fixed-price and variable price contracts. The firm also provides green energy solutions and offers renewable electricity and carbon neutral natural gas products. Spark Energy was founded in 1999 and is headquartered in Houston, TX.