Spark Energy, Inc. (SPKE) Stock Formed Wedge Down Pattern. What To Expect?

December 7, 2017 - By Clifton Ray

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.
1,637 are owned by Citigroup. Fincl Bank Of America De stated it has 2,743 shares. Meeder Asset Inc owns 1,246 shares. Deutsche Bancorp Ag holds 56,257 shares. Bard Assocs Incorporated has 1.55% invested in Spark Energy, Inc. (NASDAQ:SPKE). D E Shaw Communication owns 34,576 shares. California State Teachers Retirement System reported 20,404 shares. Bnp Paribas Arbitrage has invested 0% in Spark Energy, Inc. (NASDAQ:SPKE). Susquehanna Interest Grp Inc Ltd Liability Partnership holds 0% in Spark Energy, Inc. (NASDAQ:SPKE) or 16,760 shares. Citadel Ltd Liability Co invested in 12,613 shares. Hancock Hldg reported 13,130 shares. 352,564 are held by Wells Fargo Company Mn. Cornerstone Capital Mngmt Ltd has invested 0.01% in Spark Energy, Inc. (NASDAQ:SPKE). Northern Tru Corporation has 0% invested in Spark Energy, Inc. (NASDAQ:SPKE). Massachusetts-based Boston Advsrs Ltd Limited Liability Company has invested 0.1% 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 $10.74M 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. Janney Capital downgraded the shares of SPKE in report on Friday, June 10 to “Neutral” rating. The stock has “Buy” rating by Wunderlich on Friday, August 12. On Wednesday, February 1 the stock rating was initiated by Guggenheim with “Buy”. Janney Capital downgraded the shares of SPKE in report on Thursday, June 22 to “Neutral” rating. Zacks upgraded the shares of SPKE in report on Tuesday, August 18 to “Hold” rating. As per Thursday, September 24, the company rating was initiated by Janney Capital. The rating was upgraded by Guggenheim on Friday, July 7 to “Buy”. The stock of Spark Energy, Inc. (NASDAQ:SPKE) has “Buy” rating given on Wednesday, November 1 by Janney Capital. FBR Capital maintained Spark Energy, Inc. (NASDAQ:SPKE) on Thursday, June 1 with “Buy” rating. The firm has “Neutral” rating by Ladenburg Thalmann given on Friday, August 19.

More important recent Spark Energy, Inc. (NASDAQ:SPKE) news were published by: Globenewswire.com which released: “Spark Energy, Inc. Announces Common and Preferred Stock Dividends” on October 17, 2017, also Nasdaq.com published article titled: “Spark Energy, Inc. (SPKE) Ex-Dividend Date Scheduled for November 28, 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) was released by: Globenewswire.com and their article: “Spark Energy, Inc. Closes on Acquisition of Verde Energy” with publication date: July 05, 2017.

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