Insider Buying: Energy Services of America (NASDAQ:ESOA) President Buys 4,809 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds acquired 4,809 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of $13.26 per share, with a total value of $63,767.34. Following the acquisition, the president owned 1,481,270 shares in the company, valued at $19,641,640.20. The trade was a 0.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Energy Services of America Stock Performance

Shares of Energy Services of America stock opened at $13.32 on Monday. Energy Services of America Co. has a 52-week low of $7.64 and a 52-week high of $15.84. The stock’s 50-day simple moving average is $11.90 and its 200 day simple moving average is $10.40.

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

Analyst Ratings Changes

ESOA has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Services of America in a research note on Monday, December 29th. Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 14th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Institutional Investors Weigh In On Energy Services of America

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Energy Services of America by 137.6% in the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after acquiring an additional 1,384 shares during the period. Larson Financial Group LLC increased its holdings in Energy Services of America by 117.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after acquiring an additional 1,314 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Energy Services of America in the 2nd quarter worth approximately $30,000. Raymond James Financial Inc. purchased a new stake in Energy Services of America in the 2nd quarter worth approximately $44,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Energy Services of America during the 2nd quarter valued at $56,000. 2.13% of the stock is currently owned by institutional investors.

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.