Energy Services of America Co. (NASDAQ:ESOA) Short Interest Down 16.7% in February

Energy Services of America Co. (NASDAQ:ESOA) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 731,220 shares, a drop of 16.7% from the February 12th total of 877,736 shares. Based on an average trading volume of 429,429 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 429,429 shares, the days-to-cover ratio is presently 1.7 days.

Insider Buying and Selling at Energy Services of America

In related news, President Douglas V. Reynolds bought 4,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were bought at an average cost of $8.07 per share, for a total transaction of $32,280.00. Following the transaction, the president owned 1,474,961 shares of the company’s stock, valued at approximately $11,902,935.27. This trade represents a 0.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marshall T. Reynolds sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $8.37, for a total transaction of $837,000.00. Following the transaction, the director directly owned 1,425,373 shares in the company, valued at approximately $11,930,372.01. This trade represents a 6.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have acquired a total of 9,100 shares of company stock worth $75,615 over the last 90 days. Insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its stake in 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 buying an additional 1,314 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Energy Services of America by 137.6% in the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after acquiring an additional 1,384 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Energy Services of America in the second quarter valued at $30,000. Raymond James Financial Inc. acquired a new stake in shares of Energy Services of America during the second quarter valued at $44,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Energy Services of America during the second quarter valued at $56,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on ESOA. Wall Street Zen upgraded shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Services of America in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Energy Services of America Trading Up 3.4%

Shares of ESOA stock traded up $0.43 during mid-day trading on Monday, reaching $12.99. The stock had a trading volume of 60,433 shares, compared to its average volume of 259,961. Energy Services of America has a 12-month low of $7.64 and a 12-month high of $15.84. The business has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $10.29.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings data on Monday, February 9th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $114.11 million during the quarter, compared to analysts’ expectations of $97.70 million.

Energy Services of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Energy Services of America’s dividend payout ratio is 65.57%.

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.