Energy Services of America Co. (NASDAQ:ESOA) Short Interest Update

Energy Services of America Co. (NASDAQ:ESOA) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 731,220 shares, a drop of 16.7% from the February 12th total of 877,736 shares. Based on an average trading volume of 429,429 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 429,429 shares, the short-interest ratio is currently 1.7 days.

Energy Services of America Trading Up 1.4%

NASDAQ ESOA opened at $13.23 on Wednesday. Energy Services of America has a 12 month low of $7.64 and a 12 month high of $15.84. The company’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $10.33.

Energy Services of America (NASDAQ:ESOA) last released its earnings results on Monday, February 9th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $114.11 million during the quarter, compared to analyst estimates of $97.70 million.

Insider Transactions at Energy Services of America

In related news, President Douglas V. Reynolds bought 4,000 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was bought at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the completion of the purchase, the president directly owned 1,474,961 shares in the company, valued at approximately $11,902,935.27. The trade was a 0.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Energy Services of America by 15.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,543 shares of the company’s stock worth $478,000 after acquiring an additional 6,917 shares during the last quarter. Geode Capital Management LLC boosted 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. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Energy Services of America in the 2nd quarter valued at $30,000. SG Americas Securities LLC purchased a new position in Energy Services of America in the 2nd quarter worth about $284,000. Finally, JPMorgan Chase & Co. purchased a new position in Energy Services of America in the 2nd quarter worth about $56,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ESOA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Services of America in a report on Monday, December 29th. Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.