Energy Services of America (NASDAQ:ESOA) Stock Price Up 2.6% – Time to Buy?

Energy Services of America Co. (NASDAQ:ESOA) rose 2.6% during trading on Thursday . The company traded as high as $9.54 and last traded at $9.22. Approximately 110,825 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 122,523 shares. The stock had previously closed at $8.99.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of Energy Services of America from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Services of America in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Energy Services of America Stock Up 2.6%

The stock has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $9.68.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.13). The company had revenue of $130.07 million during the quarter, compared to the consensus estimate of $109.20 million.

Energy Services of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, December 31st. Energy Services of America’s dividend payout ratio (DPR) is currently 65.57%.

Insider Activity

In related news, Director Marshall T. Reynolds sold 100,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $8.37, for a total value of $837,000.00. Following the sale, the director owned 1,425,373 shares in the company, valued at $11,930,372.01. This represents a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Douglas V. Reynolds purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the transaction, the president owned 1,474,961 shares in the company, valued at $11,902,935.27. This represents a 0.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 9,100 shares of company stock valued at $75,615. 44.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Navellier & Associates Inc. grew its holdings in Energy Services of America by 3.7% during the third quarter. Navellier & Associates Inc. now owns 34,405 shares of the company’s stock worth $356,000 after buying an additional 1,223 shares in the last quarter. Larson Financial Group LLC lifted its stake in 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 valued at $25,000 after acquiring an additional 1,314 shares in the last quarter. First Trust Advisors LP boosted its holdings in Energy Services of America by 3.8% during the 2nd quarter. First Trust Advisors LP now owns 36,160 shares of the company’s stock worth $359,000 after acquiring an additional 1,332 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Energy Services of America by 137.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Sierra Summit Advisors LLC raised its holdings in shares of Energy Services of America by 3.3% in the second quarter. Sierra Summit Advisors LLC now owns 65,331 shares of the company’s stock valued at $649,000 after purchasing an additional 2,060 shares during the last quarter. Institutional investors own 2.13% of the company’s stock.

Energy Services of America Company Profile

Energy Services of America, Inc (NASDAQ: ESOA) is a provider of natural gas compression equipment and services to energy producers, pipeline operators, and landowners across North America. The company designs, manufactures, and distributes compression systems tailored to meet the needs of natural gas gathering, processing and transmission applications. Its offerings include the sale, lease, and repair of both new and reconditioned compression units, as well as aftermarket parts and field services that support ongoing system performance and reliability.

In addition to core compression services, Energy Services of America delivers turnkey solutions for pipeline operators and gas processors.