Roth Capital Upgrades Energy Services of America (NASDAQ:ESOA) to “Strong-Buy”

Energy Services of America (NASDAQ:ESOA) was upgraded by stock analysts at Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

ESOA has been the subject of several other research reports. Weiss Ratings cut shares of Energy Services of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Zacks Research upgraded shares of Energy Services of America to a “hold” rating in a research report on Tuesday, September 15th. Finally, Wall Street Zen cut shares of Energy Services of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Energy Services of America Stock Up 2.7%

NASDAQ ESOA opened at $11.09 on Thursday. Energy Services of America has a one year low of $7.84 and a one year high of $19.94. The company has a 50-day simple moving average of $12.97 and a 200-day simple moving average of $14.83.

Energy Services of America (NASDAQ:ESOA) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $130.01 million for the quarter, compared to analysts’ expectations of $112.65 million.

Hedge Funds Weigh In On Energy Services of America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Energy Services of America by 80.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock worth $38,000 after purchasing an additional 1,283 shares during the period. Legal & General Group Plc acquired a new stake in shares of Energy Services of America in the 2nd quarter valued at about $26,000. State of Wyoming bought a new stake in Energy Services of America in the 2nd quarter valued at approximately $93,000. Calamos Advisors LLC bought a new stake in Energy Services of America in the 1st quarter valued at approximately $139,000. Finally, Deutsche Bank AG acquired a new position in Energy Services of America during the 2nd quarter worth approximately $270,000. 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.