Mark Prince Sells 33,000 Shares of Energy Services of America (NASDAQ:ESOA) Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Mark Prince sold 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $17.80, for a total transaction of $587,400.00. Following the transaction, the director directly owned 67,071 shares of the company’s stock, valued at $1,193,863.80. The trade was a 32.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Energy Services of America Price Performance

ESOA opened at $14.93 on Friday. The firm has a 50 day moving average price of $15.57 and a 200-day moving average price of $12.17. Energy Services of America Co. has a twelve month low of $7.84 and a twelve month high of $19.94.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.17. The company had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $80.90 million.

Energy Services of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Energy Services of America’s payout ratio is presently 65.57%.

Institutional Trading of Energy Services of America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in Energy Services of America by 2.4% during the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock valued at $318,000 after buying an additional 920 shares during the last quarter. Navellier & Associates Inc. increased its holdings in Energy Services of America by 3.7% during the third quarter. Navellier & Associates Inc. now owns 34,405 shares of the company’s stock valued at $356,000 after buying an additional 1,223 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after buying an additional 1,283 shares during the last quarter. Larson Financial Group LLC increased 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 buying an additional 1,314 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in 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 worth $25,000 after acquiring an additional 1,384 shares during the period. 2.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ESOA. Weiss Ratings upgraded shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Energy Services of America in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

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.