Energy Services of America (NASDAQ:ESOA) Announces Quarterly Earnings Results

Energy Services of America (NASDAQ:ESOA) posted its quarterly earnings results on Monday. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.10 by $0.27, reports. The firm had revenue of $85.92 million for the quarter, compared to analyst estimates of $91.23 million.

Energy Services of America Price Performance

NASDAQ ESOA traded up $0.45 during trading hours on Thursday, reaching $9.00. The company’s stock had a trading volume of 107,056 shares, compared to its average volume of 148,176. Energy Services of America has a fifty-two week low of $3.46 and a fifty-two week high of $9.50. The company’s 50-day moving average is $7.28 and its two-hundred day moving average is $7.46.

Institutional Investors Weigh In On Energy Services of America

Several hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. raised its stake in Energy Services of America by 0.6% during the first quarter. Thompson Davis & CO. Inc. now owns 1,333,725 shares of the company’s stock valued at $11,003,000 after buying an additional 7,451 shares in the last quarter. Vanguard Group Inc. increased its position in Energy Services of America by 32.5% in the 1st quarter. Vanguard Group Inc. now owns 424,892 shares of the company’s stock valued at $3,505,000 after acquiring an additional 104,299 shares during the period. Raffles Associates LP lifted its holdings in Energy Services of America by 22.6% in the second quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock worth $1,558,000 after purchasing an additional 40,142 shares during the period. Renaissance Technologies LLC increased its stake in shares of Energy Services of America by 12.8% during the second quarter. Renaissance Technologies LLC now owns 203,892 shares of the company’s stock valued at $1,460,000 after acquiring an additional 23,192 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Energy Services of America by 20.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock valued at $1,279,000 after purchasing an additional 30,694 shares in the last quarter. Institutional investors and hedge funds own 2.13% of the company’s stock.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.