Energy Services of America (NASDAQ:ESOA) Downgraded by Wall Street Zen to “Hold”

Energy Services of America (NASDAQ:ESOA) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Energy Services of America in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Energy Services of America Stock Performance

Shares of ESOA opened at $8.70 on Friday. The company’s fifty day moving average is $9.90 and its 200-day moving average is $10.07. Energy Services of America has a 12 month low of $7.64 and a 12 month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13). The firm had revenue of $130.07 million during the quarter, compared to the consensus estimate of $109.20 million.

Institutional Trading of Energy Services of America

Institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in shares of Energy Services of America by 117.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after acquiring an additional 1,314 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Energy Services of America by 137.6% in the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after purchasing an additional 1,384 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Energy Services of America in the second quarter valued at about $30,000. Quarry LP bought a new position in shares of Energy Services of America in the first quarter valued at about $36,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Energy Services of America during the 2nd quarter worth about $44,000. Institutional investors own 2.13% of the company’s stock.

About Energy Services of America

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.