Key Points
- Director Marshall Reynolds sold 100,000 shares on Dec. 17 at an average of $8.37 for about $837,000, trimming his stake by 6.56% to 1,425,373 shares valued near $11.93M.
- The company reported quarterly results with EPS of $0.25 (missed vs. $0.38 expected) while revenue beat at $130.07M versus $109.20M consensus.
- Analyst sentiment has cooled — Wall Street Zen cut ESOA from Buy to Hold — though MarketBeat still shows a consensus "Moderate Buy" and an average price target of $21.00.
Energy Services of America Co. (NASDAQ:ESOA - Get Free Report) Director Marshall Reynolds sold 100,000 shares of Energy Services of America 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 sale, the director owned 1,425,373 shares in the company, valued at $11,930,372.01. This represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Energy Services of America Stock Down 3.9%
NASDAQ:ESOA opened at $8.06 on Friday. The company has a 50-day moving average of $9.72 and a 200-day moving average of $10.03. Energy Services of America Co. has a 52 week low of $7.64 and a 52 week high of $17.16.
Energy Services of America (NASDAQ:ESOA - Get Free Report) last posted 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 company had revenue of $130.07 million for the quarter, compared to analysts' expectations of $109.20 million.
Energy Services of America Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, October 6th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, October 6th. Energy Services of America's dividend payout ratio (DPR) is 65.57%.
Institutional Trading of Energy Services of America
Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake 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 valued at $25,000 after buying an additional 1,384 shares in the last quarter. Larson Financial Group LLC grew its holdings in Energy Services of America by 117.1% during the 3rd 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. Police & Firemen s Retirement System of New Jersey bought a new stake in Energy Services of America during the 2nd quarter worth about $30,000. Quarry LP bought a new position in shares of Energy Services of America in the first quarter worth about $36,000. Finally, Raymond James Financial Inc. bought a new position in shares of Energy Services of America in the second quarter worth about $44,000. Institutional investors own 2.13% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on ESOA shares. Wall Street Zen cut Energy Services of America from a "buy" rating to a "hold" rating in a research report on Sunday, December 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Energy Services of America in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Energy Services of America has a consensus rating of "Moderate Buy" and an average price target of $21.00.
Check Out Our Latest Report on Energy Services of America
About Energy Services of America
(
Get Free Report)
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.
Further Reading
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