Energy Services of America Co. (ESOA) To Go Ex-Dividend on June 30th

Energy Services of America Co. (NASDAQ:ESOA) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.04 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 33.3% increase from Energy Services of America’s previous quarterly dividend of $0.03.

Energy Services of America Stock Performance

Shares of NASDAQ ESOA remained flat at $16.95 during mid-day trading on Friday. 211,909 shares of the company traded hands, compared to its average volume of 188,258. Energy Services of America has a twelve month low of $7.84 and a twelve month high of $19.94. The firm’s 50 day moving average price is $16.23 and its 200-day moving average price is $12.81.

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

Analyst Ratings Changes

A number of research firms have weighed in on ESOA. Weiss Ratings upgraded shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Lake Street Capital restated a “buy” rating and issued a $25.00 price objective on shares of Energy Services of America in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Energy Services of America currently has an average rating of “Moderate Buy” and an average price target of $25.00.

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.