Energy Services of America (NASDAQ:ESOA) Director Marshall Reynolds Sells 64,942 Shares

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 64,942 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $15.70, for a total value of $1,019,589.40. Following the completion of the sale, the director directly owned 1,260,431 shares in the company, valued at $19,788,766.70. This represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Energy Services of America Price Performance

ESOA opened at $15.30 on Wednesday. Energy Services of America Co. has a one year low of $7.84 and a one year high of $19.94. The stock’s fifty day moving average is $15.60 and its 200-day moving average is $12.21.

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

Energy Services of America Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Energy Services of America

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in Energy Services of America by 582.8% during the first quarter. Bank of America Corp DE now owns 90,781 shares of the company’s stock valued at $1,192,000 after buying an additional 77,485 shares during the period. Renaissance Technologies LLC raised its position in Energy Services of America by 221.3% during the first quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock valued at $2,856,000 after buying an additional 149,800 shares during the period. Aristides Capital LLC acquired a new position in Energy Services of America during the first quarter valued at $579,000. Sei Investments Co. acquired a new position in Energy Services of America during the first quarter valued at $1,144,000. Finally, Walleye Capital LLC acquired a new position in Energy Services of America during the first quarter valued at $922,000. 2.13% of the stock is owned by institutional investors and hedge funds.

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.