Insider Buying: Energy Services of America (NASDAQ:ESOA) President Acquires $97,560.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds bought 6,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of $16.26 per share, with a total value of $97,560.00. Following the purchase, the president directly owned 1,487,270 shares of the company’s stock, valued at approximately $24,183,010.20. This represents a 0.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Energy Services of America Stock Performance

Shares of NASDAQ ESOA opened at $17.82 on Thursday. The firm has a 50 day moving average of $16.52 and a 200 day moving average of $13.07. Energy Services of America Co. has a 12-month low of $7.84 and a 12-month 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 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.17. The company had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $80.90 million.

Energy Services of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.04 dividend. This is a boost from Energy Services of America’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Energy Services of America’s dividend payout ratio is currently 87.43%.

Institutional Investors Weigh In On Energy Services of America

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in Energy Services of America by 2.4% during the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock worth $318,000 after buying an additional 920 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock worth $38,000 after acquiring an additional 1,283 shares during the last quarter. Larson Financial Group LLC grew its position 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 worth $25,000 after acquiring an additional 1,314 shares during the last quarter. BNP Paribas Financial Markets increased 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 during the period. Finally, Barclays PLC increased its holdings in shares of Energy Services of America by 6.6% in the 4th quarter. Barclays PLC now owns 24,042 shares of the company’s stock valued at $196,000 after acquiring an additional 1,499 shares during the period. 2.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Energy Services of America in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.