Energy Services of America (NASDAQ:ESOA) Stock Price Up 2.6% – Here’s What Happened

Energy Services of America Co. (NASDAQ:ESOA) rose 2.6% on Thursday . The company traded as high as $9.54 and last traded at $9.22. Approximately 110,825 shares changed hands during trading, a decline of 10% from the average daily volume of 122,523 shares. The stock had previously closed at $8.99.

Analyst Ratings Changes

Several analysts have issued reports on ESOA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energy Services of America in a research note on Monday, December 29th. Wall Street Zen cut shares of Energy Services of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Energy Services of America Price Performance

The stock has a 50 day simple moving average of $8.56 and a 200 day simple moving average of $9.67.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13). The firm 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 was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, December 31st. Energy Services of America’s dividend payout ratio is currently 65.57%.

Insider Transactions at Energy Services of America

In other Energy Services of America news, President Douglas V. Reynolds bought 4,000 shares of Energy Services of America stock in a transaction dated Friday, December 19th. The shares were purchased 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 represents a 0.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marshall T. Reynolds sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $8.37, for a total value of $837,000.00. Following the transaction, the director owned 1,425,373 shares of the company’s stock, valued at approximately $11,930,372.01. This represents a 6.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have purchased 9,100 shares of company stock worth $75,615. 44.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ESOA. Larson Financial Group LLC boosted 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 valued at $25,000 after purchasing an additional 1,314 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Energy Services of America by 137.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after buying an additional 1,384 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Energy Services of America during the 2nd quarter valued at $30,000. Raymond James Financial Inc. purchased a new stake in shares of Energy Services of America in the 2nd quarter worth about $44,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Energy Services of America in the 2nd quarter worth about $56,000. Institutional investors own 2.13% of the company’s stock.

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.