Energy Services of America (NASDAQ:ESOA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Energy Services of America (NASDAQ:ESOA) from a hold rating to a buy rating in a report published 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Energy Services of America Stock Down 0.9%

Shares of ESOA stock opened at $8.53 on Friday. The firm’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $10.12. Energy Services of America has a 52-week low of $7.64 and a 52-week high of $19.83.

Energy Services of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, October 6th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.4%. Energy Services of America’s payout ratio is 65.57%.

Institutional Trading of Energy Services of America

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Energy Services of America by 2.0% during the third quarter. Vanguard Group Inc. now owns 613,541 shares of the company’s stock worth $6,350,000 after acquiring an additional 11,798 shares in the last quarter. Millennium Management LLC raised its position in shares of Energy Services of America by 90.4% during the third quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock worth $3,960,000 after purchasing an additional 181,631 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Energy Services of America by 51.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock valued at $3,709,000 after purchasing an additional 127,016 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Energy Services of America by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 324,780 shares of the company’s stock valued at $3,362,000 after purchasing an additional 3,952 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Energy Services of America by 111.3% in the 2nd quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock valued at $2,661,000 after purchasing an additional 140,986 shares during the period. Institutional investors and hedge funds own 2.13% of the company’s stock.

About Energy Services of America

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.