Energy Services of America (NASDAQ:ESOA) Director Sells $975,652.83 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 56,757 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.19, for a total transaction of $975,652.83. Following the completion of the transaction, the director owned 1,368,616 shares in the company, valued at approximately $23,526,509.04. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Energy Services of America Stock Performance

NASDAQ:ESOA opened at $14.93 on Friday. Energy Services of America Co. has a 12 month low of $7.84 and a 12 month high of $19.94. The company’s 50-day moving average price is $15.57 and its two-hundred day moving average price is $12.17.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17. The firm had revenue of $93.17 million during the quarter, compared to analyst estimates of $80.90 million.

Energy Services of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. Energy Services of America’s dividend payout ratio is presently 65.57%.

Wall Street Analysts Forecast Growth

ESOA has been the topic of a number of research reports. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of Energy Services of America in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings upgraded shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Institutional Investors Weigh In On Energy Services of America

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its stake in shares of Energy Services of America by 2.4% during the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock worth $318,000 after buying an additional 920 shares during the last quarter. Navellier & Associates Inc. raised its stake in shares of 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 during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock worth $38,000 after buying an additional 1,283 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Energy Services of America by 117.1% during the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after buying an additional 1,314 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Energy Services of America by 137.6% during the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after buying an additional 1,384 shares during the last quarter. 2.13% of the stock is owned by institutional investors.

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.