Energy Services of America (NASDAQ:ESOA) Director Marshall Reynolds Sells 35,058 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 35,058 shares of Energy Services of America stock in a transaction on Monday, June 1st. The stock was sold at an average price of $14.98, for a total transaction of $525,168.84. Following the sale, the director owned 1,225,373 shares in the company, valued at $18,356,087.54. This represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Energy Services of America Trading Up 1.3%

ESOA opened at $15.30 on Wednesday. Energy Services of America Co. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The firm’s fifty day moving average price is $15.60 and its two-hundred day moving average price is $12.21.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly 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 business had revenue of $93.17 million for the quarter, compared to analyst estimates of $80.90 million.

Energy Services of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. Energy Services of America’s payout ratio is currently 65.57%.

Institutional Investors Weigh In On Energy Services of America

Institutional investors and hedge funds have recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Energy Services of America in the 1st quarter valued at $922,000. Aristides Capital LLC acquired a new stake in shares of Energy Services of America in the 1st quarter valued at $579,000. Calamos Advisors LLC acquired a new stake in shares of Energy Services of America in the 1st quarter valued at $139,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Energy Services of America in the 1st quarter valued at $361,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Energy Services of America in the 1st quarter valued at $220,000. Institutional investors and hedge funds own 2.13% of the company’s stock.

Wall Street Analysts Forecast Growth

ESOA has been the topic of a number of recent research reports. Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of Energy Services of America in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings upgraded 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Energy Services of America has an average rating of “Moderate Buy” and an average 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.