Energy Services of America (NASDAQ:ESOA) Director Sells $587,400.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Mark Prince sold 33,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $17.80, for a total value of $587,400.00. Following the transaction, the director directly owned 67,071 shares in the company, valued at $1,193,863.80. This represents a 32.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Energy Services of America Stock Down 9.1%

Shares of NASDAQ ESOA opened at $14.93 on Friday. Energy Services of America Co. has a one year low of $7.84 and a one year high of $19.94. The business’s fifty day moving average price is $15.57 and its 200-day moving average price is $12.17.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17. The company had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $80.90 million.

Energy Services of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. Energy Services of America’s dividend payout ratio is 65.57%.

Institutional Trading of Energy Services of America

Several institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its holdings in shares of Energy Services of America by 2.4% in the 4th quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock valued at $318,000 after acquiring an additional 920 shares in the last quarter. Navellier & Associates Inc. raised its holdings in shares of Energy Services of America by 3.7% in the 3rd quarter. Navellier & Associates Inc. now owns 34,405 shares of the company’s stock valued at $356,000 after acquiring an additional 1,223 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Energy Services of America by 80.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after acquiring an additional 1,283 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of 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 valued at $25,000 after acquiring an additional 1,314 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Energy Services of America by 137.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after acquiring an additional 1,384 shares in the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ESOA. Wall Street Zen raised Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. Lake Street Capital reissued a “buy” rating and set a $25.00 price objective on shares of Energy Services of America in a report on Tuesday, May 12th. Finally, Weiss Ratings raised Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.