Energy Services of America (NASDAQ:ESOA) President Acquires $32,280.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds bought 4,000 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was acquired at an average cost of $8.07 per share, with a total value of $32,280.00. Following the completion of the purchase, the president owned 1,474,961 shares of the company’s stock, valued at approximately $11,902,935.27. This trade represents a 0.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Energy Services of America Trading Up 1.0%

Shares of NASDAQ ESOA traded up $0.08 during mid-day trading on Tuesday, reaching $8.01. 38,396 shares of the company’s stock were exchanged, compared to its average volume of 215,210. Energy Services of America Co. has a twelve month low of $7.64 and a twelve month high of $15.23. The business has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $9.99.

Energy Services of America (NASDAQ:ESOA) last posted its earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.13). The company had revenue of $130.07 million during the quarter, compared to analyst estimates of $109.20 million.

Energy Services of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, October 6th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, October 6th. Energy Services of America’s dividend payout ratio (DPR) is presently 65.57%.

Hedge Funds Weigh In On Energy Services of America

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PharVision Advisers LLC bought a new position in Energy Services of America during the first quarter worth about $101,000. Quarry LP bought a new position in shares of Energy Services of America during the 1st quarter worth approximately $36,000. EHP Funds Inc. bought a new stake in Energy Services of America in the 2nd quarter valued at $1,112,000. Needham Investment Management LLC lifted its holdings in Energy Services of America by 33.3% during the 1st quarter. Needham Investment Management LLC now owns 100,000 shares of the company’s stock valued at $945,000 after purchasing an additional 25,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Energy Services of America during the 2nd quarter valued at $284,000. 2.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ESOA shares. Wall Street Zen downgraded Energy Services of America from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Energy Services of America in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Energy Services of America has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.