Wall Street Zen Downgrades Energy Services of America (NASDAQ:ESOA) to Hold

Energy Services of America (NASDAQ:ESOA) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Energy Services of America in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Energy Services of America Price Performance

Shares of ESOA opened at $10.11 on Friday. Energy Services of America has a one year low of $7.64 and a one year high of $19.83. The stock’s fifty day moving average is $10.43 and its 200-day moving average is $10.17.

Institutional Trading of Energy Services of America

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in Energy Services of America by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 105,600 shares of the company’s stock valued at $998,000 after purchasing an additional 1,183 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Energy Services of America during the 1st quarter valued at $124,000. Bailard Inc. bought a new stake in shares of Energy Services of America during the 1st quarter worth $253,000. Citizens Financial Group Inc. RI acquired a new position in shares of Energy Services of America in the 1st quarter worth $166,000. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Energy Services of America during the first quarter worth $503,000. 2.13% of the stock is currently owned by institutional investors.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.