Douglas Reynolds Purchases 6,000 Shares of Energy Services of America (NASDAQ:ESOA) Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds purchased 6,000 shares of the stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of $16.26 per share, for a total transaction of $97,560.00. Following the transaction, the president owned 1,487,270 shares of the company’s stock, valued at approximately $24,183,010.20. The trade was a 0.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Energy Services of America Trading Up 3.1%

Shares of NASDAQ ESOA opened at $18.45 on Wednesday. Energy Services of America Co. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock has a 50 day moving average of $16.46 and a 200-day moving average of $13.00.

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

Energy Services of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a boost from Energy Services of America’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.9%. Energy Services of America’s payout ratio is currently 87.43%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ESOA shares. Weiss Ratings raised shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Lake Street Capital restated a “buy” rating and set a $25.00 price objective 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

Institutional Trading of Energy Services of America

Institutional investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in shares of Energy Services of America by 2.4% in the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock valued at $318,000 after buying an additional 920 shares during the period. PNC Financial Services Group Inc. increased its stake in Energy Services of America by 80.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock worth $38,000 after acquiring an additional 1,283 shares during the period. Larson Financial Group LLC increased its stake in Energy Services of America by 117.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after acquiring an additional 1,314 shares during the period. BNP Paribas Financial Markets raised its holdings in Energy Services of America by 137.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Barclays PLC raised its holdings in Energy Services of America by 6.6% in the 4th quarter. Barclays PLC now owns 24,042 shares of the company’s stock valued at $196,000 after acquiring an additional 1,499 shares in the last quarter. Institutional investors own 2.13% of the company’s stock.

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.