Energy Services of America (NASDAQ:ESOA) Director Sells $975,652.83 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 56,757 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $17.19, for a total transaction of $975,652.83. Following the completion of the sale, the director directly owned 1,368,616 shares of the company’s stock, valued at approximately $23,526,509.04. The trade was a 3.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Energy Services of America Stock Down 0.8%

NASDAQ ESOA traded down $0.13 during trading on Thursday, hitting $16.42. The stock had a trading volume of 220,139 shares, compared to its average volume of 198,848. Energy Services of America Co. has a one year low of $7.84 and a one year high of $19.94. The stock has a 50 day simple moving average of $15.46 and a 200 day simple moving average of $12.11.

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

Energy Services of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. Energy Services of America’s dividend payout ratio (DPR) is 65.57%.

Hedge Funds Weigh In On Energy Services of America

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Energy Services of America by 582.8% in the 1st quarter. Bank of America Corp DE now owns 90,781 shares of the company’s stock valued at $1,192,000 after purchasing an additional 77,485 shares during the last quarter. Renaissance Technologies LLC increased its stake in Energy Services of America by 221.3% during the 1st quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock valued at $2,856,000 after purchasing an additional 149,800 shares in the last quarter. Aristides Capital LLC acquired a new position in Energy Services of America during the 1st quarter valued at approximately $579,000. Sei Investments Co. purchased a new position in shares of Energy Services of America in the first quarter worth $1,144,000. Finally, Walleye Capital LLC acquired a new stake in shares of Energy Services of America during the first quarter worth $922,000. 2.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ESOA shares. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Energy Services of America in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.