Energy Services of America Co. (ESOA) To Go Ex-Dividend on June 30th

Energy Services of America Co. (NASDAQ:ESOA) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.04 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 30th. This is a 33.3% increase from Energy Services of America’s previous quarterly dividend of $0.03.

Energy Services of America Trading Up 1.3%

Shares of Energy Services of America stock opened at $18.94 on Friday. The stock has a 50 day moving average price of $16.68 and a 200-day moving average price of $13.18. Energy Services of America has a one year low of $7.84 and a one year high of $19.94.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $80.90 million.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ESOA shares. 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. Lake Street Capital reissued a “buy” rating and issued a $25.00 price objective on shares of Energy Services of America in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.