B.Riley FBR analyst Carter Driscoll reiterated a Hold rating on Spark Energy (NASDAQ: SPKE) today and set a price target of $11. The company’s shares closed on Friday at $8.55, close to its 52-week low of $8.05.
According to TipRanks.com, Driscoll has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.2% and a 34.4% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Canadian Solar Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spark Energy with a $13.50 average price target.
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Based on Spark Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.5 million. In comparison, last year the company had a net profit of $1.08 million.
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Spark Energy, Inc. engages in the supply and retail of electricity and natural gas. It operates through the Retail Natural Gas and Retail Electricity segments.
