Energy Services of America (NASDAQ:ESOA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Energy Services of America (NASDAQ:ESOA) from a hold rating to a strong-buy rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Services of America in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Energy Services of America Stock Up 1.6%

Shares of ESOA stock opened at $14.21 on Friday. Energy Services of America has a one year low of $7.64 and a one year high of $14.84. The stock has a fifty day moving average price of $9.13 and a 200 day moving average price of $9.71.

Energy Services of America (NASDAQ:ESOA) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $114.11 million during the quarter, compared to the consensus estimate of $97.70 million.

Energy Services of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. Energy Services of America’s dividend payout ratio (DPR) is 65.57%.

Insider Activity

In other Energy Services of America news, Director Marshall T. Reynolds sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $8.37, for a total value of $837,000.00. Following the transaction, the director directly owned 1,425,373 shares in the company, valued at $11,930,372.01. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Douglas V. Reynolds acquired 4,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the completion of the purchase, the president directly owned 1,474,961 shares of the company’s stock, valued at approximately $11,902,935.27. The trade was a 0.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 9,100 shares of company stock valued at $75,615 over the last three months. 44.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Services of America

A number of hedge funds and other institutional investors have recently bought and sold shares of ESOA. First Trust Advisors LP raised its stake in shares of Energy Services of America by 2.4% in the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock worth $318,000 after acquiring an additional 920 shares during the last quarter. Navellier & Associates Inc. grew its stake in shares of Energy Services of America by 3.7% during the third quarter. Navellier & Associates Inc. now owns 34,405 shares of the company’s stock valued at $356,000 after purchasing an additional 1,223 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Energy Services of America by 117.1% in the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock valued at $25,000 after purchasing an additional 1,314 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 worth $25,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Energy Services of America by 6.6% during the 4th quarter. Barclays PLC now owns 24,042 shares of the company’s stock worth $196,000 after buying an additional 1,499 shares in the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

About Energy Services of America

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.