Energy Services of America (NASDAQ:ESOA) Director Sells $525,168.84 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 35,058 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $14.98, for a total value of $525,168.84. Following the completion of the transaction, the director owned 1,225,373 shares of the company’s stock, valued at approximately $18,356,087.54. This represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Energy Services of America Stock Performance

NASDAQ ESOA opened at $15.42 on Friday. Energy Services of America Co. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The business has a 50 day moving average price of $15.69 and a two-hundred day moving average price of $12.31.

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

Energy Services of America Dividend Announcement

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

Institutional Trading of Energy Services of America

Institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC boosted its holdings in shares of Energy Services of America by 67.3% in the 4th quarter. Needham Investment Management LLC now owns 585,440 shares of the company’s stock valued at $4,783,000 after buying an additional 235,440 shares during the period. Millennium Management LLC raised its stake in Energy Services of America by 90.4% during the third quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock worth $3,960,000 after acquiring an additional 181,631 shares during the period. Renaissance Technologies LLC lifted its holdings in Energy Services of America by 221.3% in the first quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock worth $2,856,000 after acquiring an additional 149,800 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Energy Services of America by 111.3% in the second quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock worth $2,661,000 after acquiring an additional 140,986 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Energy Services of America by 51.6% in the second quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock valued at $3,709,000 after acquiring an additional 127,016 shares during the period. Institutional investors own 2.13% of the company’s stock.

Wall Street Analysts Forecast Growth

ESOA has been the subject of a number of analyst reports. Weiss Ratings raised shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Lake Street Capital reissued a “buy” rating and issued a $25.00 price target on shares of Energy Services of America in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.