Can Spark Energy Inc (SPKE)’s Tomorrow be Different? The Stock Formed a Wedge Down

November 21, 2017 - By Adrian Mccoy

Investors sentiment increased to 4.47 in 2017 Q2. Its up 3.24, from 1.23 in 2017Q1. It improved, as 12 investors sold Spark Energy Inc shares while 7 reduced holdings. 23 funds opened positions while 62 raised stakes. 23.87 million shares or 265.11% more from 6.54 million shares in 2017Q1 were reported.
Deutsche Commercial Bank Ag has 0% invested in Spark Energy Inc (NASDAQ:SPKE). Fincl Bank Of America Corporation De invested 0% in Spark Energy Inc (NASDAQ:SPKE). Manufacturers Life Insur The accumulated 10,716 shares. Employees Retirement Sys Of Ohio owns 0% invested in Spark Energy Inc (NASDAQ:SPKE) for 9,758 shares. Jpmorgan Chase holds 0.01% of its portfolio in Spark Energy Inc (NASDAQ:SPKE) for 1.23 million shares. Swiss Natl Bank accumulated 19,400 shares. The New York-based Metropolitan Life New York has invested 0% in Spark Energy Inc (NASDAQ:SPKE). California State Teachers Retirement Sys stated it has 20,404 shares. Ativo Cap Limited Liability Co has invested 0.39% in Spark Energy Inc (NASDAQ:SPKE). 1.02M were accumulated by Crow Point Partners Lc. 106,562 were reported by Globeflex Capital Lp. Geode Management Limited Liability Company invested 0% of its portfolio in Spark Energy Inc (NASDAQ:SPKE). State Common Retirement Fund owns 45,666 shares. Glenmede Tru Co Na invested in 11,503 shares or 0% of the stock. 352,564 were reported by Wells Fargo Com Mn.

Since May 22, 2017, it had 2 insider buys, and 0 sales for $148,745 activity. Kroeker Nathan also sold $916,258 worth of Spark Energy Inc (NASDAQ:SPKE) on Thursday, May 25.

The stock of Spark Energy Inc (SPKE) formed a down wedge with $11.36 target or 8.00 % below today’s $12.35 share price. The 8 months wedge indicates high risk for the $427.69M company. If the $11.36 price target is reached, the company will be worth $34.22 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 3,108 shares traded. Spark Energy Inc (NASDAQ:SPKE) has risen 28.31% since November 21, 2016 and is uptrending. It has outperformed by 11.61% the S&P500.

Wall Street await Spark Energy Inc (NASDAQ:SPKE) to release earnings on March, 1. Analysts forecast earnings per share of $0.31, down exactly $0.21 or 40.38 % from 2014’s $0.52 EPS. The expected SPKE’s profit could reach $10.74M giving the stock 9.96 P/E in the case that $0.31 earnings per share is reported. After posting $0.11 EPS for the previous quarter, Spark Energy Inc’s analysts now forecast 181.82 % EPS growth.

Spark Energy Inc (NASDAQ:SPKE) Ratings Coverage

Among 7 analysts covering Spark Energy (NASDAQ:SPKE), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Spark Energy had 19 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Neutral” rating by B. Riley & Co on Tuesday, November 7. Zacks upgraded Spark Energy Inc (NASDAQ:SPKE) rating on Tuesday, August 18. Zacks has “Hold” rating and $19 target. The company was upgraded on Friday, July 7 by Guggenheim. The stock of Spark Energy Inc (NASDAQ:SPKE) has “Buy” rating given on Thursday, April 7 by Wunderlich. FBR Capital maintained Spark Energy Inc (NASDAQ:SPKE) rating on Thursday, June 1. FBR Capital has “Buy” rating and $4700 target. The company was initiated on Thursday, September 24 by Janney Capital. The rating was downgraded by Wunderlich to “Hold” on Thursday, December 24. Guggenheim initiated it with “Buy” rating and $30 target in Wednesday, February 1 report. The stock of Spark Energy Inc (NASDAQ:SPKE) has “Buy” rating given on Wednesday, November 1 by Janney Capital. The firm earned “Neutral” rating on Thursday, June 22 by Janney Capital.

More notable recent Spark Energy Inc (NASDAQ:SPKE) news were published by: Globenewswire.com which released: “Spark Energy, Inc. to Present Third Quarter 2017 Financial Results on Friday …” on October 20, 2017, also Globenewswire.com with their article: “Spark Energy, Inc. Closes on Acquisition of Verde Energy” published on July 05, 2017, Globenewswire.com published: “Spark Energy, Inc. Approves Two-for-One Stock Split” on May 23, 2017. More interesting news about Spark Energy Inc (NASDAQ:SPKE) were released by: Globenewswire.com and their article: “Spark Energy, Inc. Provides Hurricane Harvey Update” published on September 06, 2017 as well as Seekingalpha.com‘s news article titled: “Spark Energy’s (SPKE) CEO Nathan Kroeker on Q3 2017 Results – Earnings Call …” with publication date: November 03, 2017.

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