Energy Services of America (NASDAQ:ESOA) Raised to Hold at Zacks Research

Energy Services of America (NASDAQ:ESOA) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms have also weighed in on ESOA. Wall Street Zen lowered Energy Services of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of Energy Services of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.00.

Energy Services of America Stock Down 0.4%

ESOA opened at $11.09 on Tuesday. The company has a 50 day moving average of $13.64 and a 200 day moving average of $15.00. Energy Services of America has a 12 month low of $7.84 and a 12 month high of $19.94.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $130.01 million during the quarter, compared to the consensus estimate of $112.65 million.

Institutional Trading of Energy Services of America

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in shares of Energy Services of America by 80.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after purchasing an additional 1,283 shares during the last quarter. Legal & General Group Plc bought a new stake in Energy Services of America in the second quarter worth $26,000. State of Wyoming bought a new stake in Energy Services of America in the second quarter worth $93,000. Calamos Advisors LLC purchased a new stake in Energy Services of America during the first quarter valued at about $139,000. Finally, Deutsche Bank AG bought a new position in shares of Energy Services of America during the second quarter valued at about $270,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.