Energy Services of America Co. (NASDAQ:ESOA) Short Interest Update

Energy Services of America Co. (NASDAQ:ESOA) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 633,979 shares, a decline of 13.3% from the February 26th total of 731,220 shares. Based on an average daily volume of 194,514 shares, the days-to-cover ratio is currently 3.3 days.

Insider Activity

In other Energy Services of America news, President Douglas V. Reynolds bought 4,809 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of $13.26 per share, with a total value of $63,767.34. Following the completion of the acquisition, the president directly owned 1,481,270 shares of the company’s stock, valued at $19,641,640.20. This represents a 0.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 44.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Services of America

A number of institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its stake in shares of Energy Services of America by 41.2% in the 4th quarter. Mackenzie Financial Corp now owns 20,856 shares of the company’s stock valued at $167,000 after acquiring an additional 6,086 shares during the period. XTX Topco Ltd purchased a new position in shares of Energy Services of America during the 4th quarter worth approximately $159,000. Wellington Management Group LLP increased its holdings in Energy Services of America by 31.8% in the 4th quarter. Wellington Management Group LLP now owns 19,162 shares of the company’s stock valued at $157,000 after purchasing an additional 4,627 shares during the last quarter. Man Group plc increased its holdings in Energy Services of America by 15.7% in the 4th quarter. Man Group plc now owns 16,770 shares of the company’s stock valued at $137,000 after purchasing an additional 2,278 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Energy Services of America in the fourth quarter valued at approximately $86,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Energy Services of America Price Performance

ESOA stock opened at $13.12 on Thursday. Energy Services of America has a 52-week low of $7.64 and a 52-week high of $15.84. The business has a fifty day moving average of $12.70 and a two-hundred day moving average of $10.60.

Energy Services of America (NASDAQ:ESOA) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $114.11 million during the quarter, compared to analyst estimates of $97.70 million.

Energy Services of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. Energy Services of America’s dividend payout ratio is presently 65.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ESOA shares. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Services of America in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

About Energy Services of America

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.