Energy Services of America (NASDAQ:ESOA) Director Sells $1,019,589.40 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 64,942 shares of Energy Services of America stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $15.70, for a total transaction of $1,019,589.40. Following the completion of the transaction, the director owned 1,260,431 shares of the company’s stock, valued at $19,788,766.70. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Energy Services of America Trading Up 1.6%

NASDAQ:ESOA opened at $15.42 on Friday. Energy Services of America Co. has a 1 year low of $7.84 and a 1 year high of $19.94. The firm has a 50 day moving average of $15.69 and a 200-day moving average of $12.31.

Energy Services of America (NASDAQ:ESOA) last posted its earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.03 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. Energy Services of America’s payout ratio is 65.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESOA. Larson Financial Group LLC raised its position in Energy Services of America by 117.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after purchasing an additional 1,314 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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. PNC Financial Services Group Inc. grew its holdings in 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 worth $38,000 after acquiring an additional 1,283 shares during the period. Raymond James Financial Inc. acquired a new stake in Energy Services of America during the 2nd quarter worth $44,000. Finally, JPMorgan Chase & Co. acquired a new stake in Energy Services of America during the 2nd quarter worth $56,000. Institutional investors own 2.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ESOA. Lake Street Capital reiterated a “buy” rating and issued a $25.00 target price 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 report on Wednesday, May 13th. One 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 presently 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.