Trending Stock: Spark Energy, Inc. (NASDAQ: SPKE)

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On 11 Dec 2019, Spark Energy, Inc. (NASDAQ: SPKE) stock observed trading -9.39% off 52-week high price. On the other end, the stock has been noted 47.36% away from low price over the last 52-weeks. The stock disclosed a move of 4.67% away from 50 day moving average and 5.02% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.30% off 20-day moving average. The USA based company Spark Energy, Inc. moved with change of 0.57% to $10.61 with the total traded volume of 89156 shares in recent session versus to an average volume of 105.03K.

Spark Energy, Inc (SPKE) recently stated financial results for the quarter ended September 30, 2019.

Summary Third Quarter 2019 Financial Results

For the quarter ended September 30, 2019, Spark stated Adjusted EBITDA of $28.1M contrast to Adjusted EBITDA of $18.6M for the quarter ended September 30, 2018. This increase of $9.5M was driven by a raise in retail gross margin, over offsetting increases in consumer acquisition spending contrast to the third quarter of 2018.

For the quarter ended September 30, 2019, Spark stated Retail Gross Margin of $58.2M contrast to Retail Gross Margin of $45.8M for the quarter ended September 30, 2018. This increase of $12.4M was primarily attributable to a 78% increase in electricity unit margins and a 13% increase in gas unit margins. Our ERCOT summer insurance hedging strategy combined with a raised percentage of residential consumers in the overall consumer book contributed to the successful quarter.

Net income for the quarter ended September 30, 2019, was $37.7M contrast to net income of $18.8M for the quarter ended September 30, 2018. The increase in performance contrast to the previous year was primarily the result of the increase in the non-cash mark to market position of our hedge portfolio of $25.3M contrast with the non-cash mark to market position of our hedge portfolio of $18.9M in the third quarter of 2018. This combined with the $12.4M increase in retail gross margin allowed for important increased performance.

Dividend

On October 21, 2019, Spark’s Board of Directors reported quarterly dividends of $0.18125 per share of Class A ordinary stock payable on December 16, 2019, to holders of record on December 2, 2019, and $0.546875 per share of Series A Preferred Stock payable on January 15, 2020 to holders of record on January 1, 2020.

SPKE’s shares are at 8.27% for the quarter and driving a 24.97% return over the course of the past year and is now at 42.80% since this point in 2018.  Right now, the stock beta is -0.24. The average volatility for the week and month was at 2.98% and 3.13% respectively. There are 35.04M shares outstanding and 11.35M shares are floated in market.

 


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