Marshall Reynolds Sells 100,000 Shares of Energy Services of America (NASDAQ:ESOA) Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $8.37, for a total value of $837,000.00. Following the completion of the transaction, the director directly owned 1,425,373 shares of the company’s stock, valued at $11,930,372.01. This represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Energy Services of America Trading Down 3.5%

NASDAQ:ESOA opened at $8.39 on Thursday. Energy Services of America Co. has a one year low of $7.64 and a one year high of $18.41. The firm’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $10.04.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13). The firm had revenue of $130.07 million for the quarter, compared to analysts’ expectations of $109.20 million.

Energy Services of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, October 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, October 6th. Energy Services of America’s dividend payout ratio is presently 65.57%.

Institutional Investors Weigh In On Energy Services of America

A number of hedge funds have recently made changes to their positions in ESOA. Larson Financial Group LLC raised its stake in shares of Energy Services of America by 117.1% during the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock valued at $25,000 after acquiring an additional 1,314 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Energy Services of America by 137.6% during the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after buying an additional 1,384 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Energy Services of America during the second quarter valued at approximately $30,000. Quarry LP purchased a new stake in Energy Services of America in the first quarter worth $36,000. Finally, Raymond James Financial Inc. bought a new stake in Energy Services of America in the second quarter valued at $44,000. 2.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Energy Services of America from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Energy Services of America in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Energy Services of America has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.