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 stock in a transaction 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 sale, the director owned 1,225,373 shares in the company, valued at $18,356,087.54. The trade was a 2.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Energy Services of America Price Performance

Shares of ESOA stock traded up $0.38 during trading hours on Tuesday, hitting $15.49. 240,059 shares of the company’s stock were exchanged, compared to its average volume of 201,230. The stock’s 50-day moving average is $15.60 and its 200-day moving average is $12.21. Energy Services of America Co. has a 52 week low of $7.84 and a 52 week high of $19.94.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, May 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.17. The business had revenue of $93.17 million for the quarter, compared to the consensus estimate of $80.90 million.

Energy Services of America Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ESOA. Weiss Ratings upgraded 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 target price on shares of Energy Services of America in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Hedge Funds Weigh In On Energy Services of America

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Energy Services of America by 137.6% in the third 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 during the last quarter. Larson Financial Group LLC boosted its holdings in Energy Services of America by 117.1% in the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock valued at $25,000 after acquiring an additional 1,314 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Energy Services of America by 80.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after acquiring an additional 1,283 shares during the last quarter. Raymond James Financial Inc. bought a new position in Energy Services of America in the second quarter valued at about $44,000. Finally, JPMorgan Chase & Co. bought a new position in Energy Services of America in the second quarter valued at about $56,000. Institutional investors own 2.13% of the company’s stock.

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.