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 on Wednesday, May 27th. The stock was sold at an average price of $17.80, for a total value of $587,400.00. Following the sale, the director owned 67,071 shares of the company’s stock, valued at approximately $1,193,863.80. The trade was a 32.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Energy Services of America Trading Down 0.8%

Shares of ESOA stock traded down $0.13 on Thursday, reaching $16.42. 220,139 shares of the stock were exchanged, 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 moving average price of $15.46 and a 200 day moving average price of $12.11.

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

Energy Services of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, March 31st. Energy Services of America’s dividend payout ratio is currently 65.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC grew its stake in Energy Services of America by 67.3% in the fourth quarter. Needham Investment Management LLC now owns 585,440 shares of the company’s stock valued at $4,783,000 after acquiring an additional 235,440 shares during the period. Millennium Management LLC increased its holdings in shares of Energy Services of America by 90.4% in the third quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock worth $3,960,000 after acquiring an additional 181,631 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Energy Services of America by 221.3% in the first quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock worth $2,856,000 after acquiring an additional 149,800 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Energy Services of America by 111.3% in the second quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock worth $2,661,000 after acquiring an additional 140,986 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Energy Services of America by 51.6% in the second quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock worth $3,709,000 after acquiring an additional 127,016 shares in the last quarter. 2.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price target on shares of Energy Services of America in a research report on Tuesday, May 12th. Finally, 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Energy Services of America has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

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.