Bailard Inc. Buys New Position in Energy Services of America Co. (NASDAQ:ESOA)

Bailard Inc. purchased a new stake in Energy Services of America Co. (NASDAQ:ESOA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 18,800 shares of the company’s stock, valued at approximately $112,000.

Several other large investors have also added to or reduced their stakes in the stock. Raymond James & Associates lifted its position in shares of Energy Services of America by 27.0% in the 4th quarter. Raymond James & Associates now owns 23,497 shares of the company’s stock worth $141,000 after purchasing an additional 5,000 shares during the period. Acadian Asset Management LLC bought a new position in Energy Services of America in the third quarter worth about $113,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Energy Services of America in the third quarter worth about $393,000. Institutional investors own 2.13% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded Energy Services of America from a “c” rating to a “b-” rating in a report on Wednesday, February 14th.

Energy Services of America Stock Up 3.6 %

Shares of ESOA stock opened at $7.45 on Tuesday. The business’s fifty day moving average is $7.80 and its 200 day moving average is $6.34. Energy Services of America Co. has a twelve month low of $1.84 and a twelve month high of $9.49.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings results on Monday, February 12th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $90.16 million during the quarter, compared to the consensus estimate of $59.50 million.

Insider Activity

In related news, Director Mark Prince purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average price of $8.09 per share, for a total transaction of $32,360.00. Following the purchase, the director now directly owns 69,071 shares of the company’s stock, valued at approximately $558,784.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Energy Services of America news, Director Joseph L. Williams sold 33,200 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $7.94, for a total transaction of $263,608.00. Following the completion of the sale, the director now directly owns 100,250 shares in the company, valued at approximately $795,985. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Prince bought 4,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of $8.09 per share, with a total value of $32,360.00. Following the completion of the acquisition, the director now directly owns 69,071 shares of the company’s stock, valued at approximately $558,784.39. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 17,500 shares of company stock worth $134,475. Insiders own 44.68% of the company’s stock.

Energy Services of America Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.