Energy Services of America Co. (NASDAQ:ESOA) Short Interest Down 16.3% in April

Energy Services of America Co. (NASDAQ:ESOA) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 577,288 shares, a decline of 16.3% from the March 31st total of 689,375 shares. Based on an average trading volume of 98,762 shares, the short-interest ratio is currently 5.8 days.

Insider Buying and Selling at Energy Services of America

In related news, President Douglas V. Reynolds bought 4,809 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of $13.26 per share, with a total value of $63,767.34. Following the completion of the purchase, the president owned 1,481,270 shares in the company, valued at approximately $19,641,640.20. The trade was a 0.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Energy Services of America by 137.6% during the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after purchasing an additional 1,384 shares during the period. Larson Financial Group LLC grew its holdings in 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 during the period. Raymond James Financial Inc. acquired a new position in Energy Services of America during the second quarter valued at approximately $44,000. JPMorgan Chase & Co. acquired a new position in Energy Services of America during the second quarter valued at approximately $56,000. Finally, Bank of America Corp DE grew its holdings in Energy Services of America by 5,900.0% during the second quarter. Bank of America Corp DE now owns 5,760 shares of the company’s stock valued at $57,000 after purchasing an additional 5,664 shares during the period. Institutional investors and hedge funds own 2.13% of the company’s stock.

Energy Services of America Price Performance

ESOA opened at $16.84 on Friday. The firm has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $11.28. Energy Services of America has a fifty-two week low of $7.83 and a fifty-two week high of $17.25.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly 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 business had revenue of $114.11 million for the quarter, compared to the consensus estimate of $97.70 million.

Energy Services of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 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 0.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Energy Services of America’s payout ratio is 65.57%.

Analyst Upgrades and Downgrades

ESOA has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Weiss Ratings downgraded shares of Energy Services of America from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.