Energy Services of America (OTCMKTS:ESOA) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Energy Services of America Co. (OTCMKTS:ESOA)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.64 and traded as low as $8.80. Energy Services of America shares last traded at $9.26, with a volume of 118,013 shares trading hands.

Energy Services of America Trading Up 1.4%

The firm’s fifty day moving average is $8.55 and its 200-day moving average is $9.64.

Energy Services of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid 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 of this dividend was Wednesday, December 31st. Energy Services of America’s dividend payout ratio is 65.57%.

Energy Services of America Company Profile

Energy Services of America, Inc (OTCMKTS: ESOA) is an energy infrastructure services provider specializing in pipeline and facility construction, maintenance, and integrity management for the oil and gas industry. The company delivers turnkey solutions that encompass project planning, engineering, procurement, and construction for both onshore and nearshore pipeline systems.

Key services include design-build pipeline installation, trenchless technologies such as horizontal directional drilling, integrity management programs featuring inline inspection and right-of-way maintenance, and specialized field services like valve maintenance, hot-tap installations, and environmental remediation.