What’s Spark Energy, Inc. (SPKE) Downside After Forming Bearish Wedge Down?

December 7, 2017 - By Hazel Jackson

Investors sentiment increased to 4.47 in Q2 2017. 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.
New York-based Lucus Limited Liability Company has invested 0.46% in Spark Energy, Inc. (NASDAQ:SPKE). Denali Ltd Liability reported 96 shares or 0% of all its holdings. Ameritas Ptnrs owns 1,012 shares or 0% of their US portfolio. Employees Retirement Sys Of Ohio holds 9,758 shares. Vanguard Inc has 1.22M shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. Jpmorgan Chase & Company has invested 0.01% of its portfolio in Spark Energy, Inc. (NASDAQ:SPKE). Heartland Advsr invested in 0.12% or 100,000 shares. American Century Incorporated holds 0.02% in Spark Energy, Inc. (NASDAQ:SPKE) or 1.07 million shares. Shell Asset Mngmt Communications invested in 0.03% or 72,516 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Spark Energy, Inc. (NASDAQ:SPKE). Balyasny Asset Management Limited Liability Corporation holds 0.01% or 133,607 shares in its portfolio. 117,545 are owned by Parametric Port Assoc Limited Liability. Janney Montgomery Scott Ltd Company, a Pennsylvania-based fund reported 16,400 shares. Schwab Charles Mgmt Inc reported 0% in Spark Energy, Inc. (NASDAQ:SPKE).

The stock of Spark Energy, Inc. (SPKE) formed a down wedge with $13.01 target or 4.00 % below today’s $13.55 share price. The 7 months wedge indicates high risk for the $469.25 million company. If the $13.01 price target is reached, the company will be worth $18.77M 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.

The stock increased 0.74% or $0.1 during the last trading session, reaching $13.55. About 105,809 shares traded. Spark Energy, Inc. (NASDAQ:SPKE) has risen 28.31% since December 8, 2016 and is uptrending. It has outperformed by 11.61% the S&P500.

Analysts await Spark Energy, Inc. (NASDAQ:SPKE) to report earnings on March, 1. They expect $0.31 earnings per share, down 40.38 % or $0.21 from last year’s $0.52 per share. SPKE’s profit will be $10.74 million for 10.93 P/E if the $0.31 EPS becomes a reality. After $0.11 actual earnings per share reported by Spark Energy, Inc. for the previous quarter, Wall Street now forecasts 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. Guggenheim initiated Spark Energy, Inc. (NASDAQ:SPKE) on Wednesday, February 1 with “Buy” rating. The stock of Spark Energy, Inc. (NASDAQ:SPKE) earned “Hold” rating by Zacks on Tuesday, August 18. The stock of Spark Energy, Inc. (NASDAQ:SPKE) has “Neutral” rating given on Tuesday, November 7 by B. Riley & Co. The company was maintained on Friday, May 6 by Wunderlich. The stock has “Buy” rating by Wunderlich on Friday, August 12. The stock has “Buy” rating by Janney Capital on Wednesday, November 1. Guggenheim upgraded the shares of SPKE in report on Friday, July 7 to “Buy” rating. The company was downgraded on Thursday, December 24 by Wunderlich. Wunderlich reinitiated the shares of SPKE in report on Thursday, April 7 with “Buy” rating. On Friday, June 10 the stock rating was downgraded by Janney Capital to “Neutral”.

More important recent Spark Energy, Inc. (NASDAQ:SPKE) news were published by: Nasdaq.com which released: “Spark Energy, Inc. (SPKE) Ex-Dividend Date Scheduled for November 28, 2017” on November 27, 2017, also Globenewswire.com published article titled: “Spark Energy, Inc. Announces Common and Preferred Stock Dividends”, Globenewswire.com published: “Spark Energy, Inc. Closes on Acquisition of Verde Energy” on July 05, 2017. More interesting news about Spark Energy, Inc. (NASDAQ:SPKE) was released by: Globenewswire.com and their article: “Spark Energy, Inc. Approves Two-for-One Stock Split” with publication date: May 23, 2017.

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