Energy Services of America (NASDAQ:ESOA) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

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

Energy Services of America Stock Up 5.1 %

Shares of ESOA traded up $0.44 during trading hours on Thursday, reaching $8.99. 74,592 shares of the company traded hands, compared to its average volume of 147,925. Energy Services of America has a 1-year low of $3.46 and a 1-year high of $9.50. The stock’s fifty day moving average is $7.28 and its 200 day moving average is $7.46.

Institutional Trading of Energy Services of America

Several institutional investors have recently modified their holdings of ESOA. M. Kulyk & Associates LLC acquired a new position in shares of Energy Services of America in the 4th quarter worth approximately $62,000. Quadrature Capital Ltd acquired a new position in shares of Energy Services of America in the 1st quarter worth approximately $106,000. CreativeOne Wealth LLC bought a new stake in Energy Services of America during the 1st quarter worth approximately $109,000. Bailard Inc. acquired a new stake in Energy Services of America during the 4th quarter valued at $112,000. Finally, LSV Asset Management bought a new position in Energy Services of America in the 1st quarter valued at $116,000. Institutional investors and hedge funds own 2.13% of the company’s stock.

About Energy Services of America

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.