Energy Services of America (NASDAQ:ESOA) President Douglas Reynolds Buys 2,600 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds purchased 2,600 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was bought at an average cost of $8.35 per share, with a total value of $21,710.00. Following the completion of the acquisition, the president directly owned 1,470,961 shares of the company’s stock, valued at $12,282,524.35. This trade represents a 0.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Energy Services of America Stock Up 1.9%

Shares of NASDAQ ESOA opened at $8.08 on Wednesday. The firm’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $9.97. Energy Services of America Co. has a 12 month low of $7.64 and a 12 month high of $15.23.

Energy Services of America (NASDAQ:ESOA) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $109.20 million.

Energy Services of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Energy Services of America’s dividend payout ratio is presently 65.57%.

Wall Street Analyst Weigh In

ESOA has been the subject of a number of analyst reports. Wall Street Zen downgraded Energy Services of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Services of America in a research note on Monday. 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 MarketBeat.com, Energy Services of America presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Institutional Investors Weigh In On Energy Services of America

Institutional investors have recently bought and sold shares of the company. Wexford Capital LP raised its holdings in shares of Energy Services of America by 7.3% during the third quarter. Wexford Capital LP now owns 201,959 shares of the company’s stock valued at $2,090,000 after acquiring an additional 13,685 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Energy Services of America by 90.4% in the third quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock worth $3,960,000 after acquiring an additional 181,631 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Energy Services of America by 117.1% during the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after purchasing an additional 1,314 shares in the last quarter. Bank of America Corp DE raised its stake in Energy Services of America by 196.8% in the 3rd quarter. Bank of America Corp DE now owns 17,095 shares of the company’s stock valued at $177,000 after purchasing an additional 11,335 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in Energy Services of America by 9.6% in the 3rd quarter. Two Sigma Investments LP now owns 77,211 shares of the company’s stock valued at $799,000 after purchasing an additional 6,785 shares during the last quarter. 2.13% of the stock is currently owned by institutional investors and hedge funds.

About Energy Services of America

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.