Key Points
- Energy Services of America President Douglas Reynolds purchased 4,809 shares at an average price of $13.26 on March 20, a $63,767 transaction that raised his holdings to 1,481,270 shares (a 0.33% increase).
- The company beat expectations for the quarter, reporting $0.16 EPS versus a $0.11 consensus and revenue of $114.11 million versus $97.7 million expected.
- ESOA declared a quarterly dividend of $0.03 (annualized $0.12, ~0.9% yield; ex-dividend March 31) and has a MarketBeat consensus rating of "Moderate Buy" with an average target price of $21.00.
Energy Services of America Co. (NASDAQ:ESOA - Get Free Report) President Douglas Reynolds acquired 1,500 shares of the company's stock in a transaction on Thursday, March 19th. The shares were acquired at an average price of $13.04 per share, for a total transaction of $19,560.00. Following the completion of the acquisition, the president directly owned 1,476,461 shares in the company, valued at $19,253,051.44. The trade was a 0.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Energy Services of America Trading Up 3.8%
Energy Services of America stock opened at $13.82 on Tuesday. Energy Services of America Co. has a 52 week low of $7.64 and a 52 week high of $15.84. The stock has a 50 day moving average of $12.01 and a 200-day moving average of $10.43.
Energy Services of America (NASDAQ:ESOA - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. The company 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. Energy Services of America's payout ratio is presently 65.57%.
Institutional Trading of Energy Services of America
Hedge funds have recently made changes to their positions in the stock. Needham Investment Management LLC grew its stake in Energy Services of America by 67.3% during the 4th quarter. Needham Investment Management LLC now owns 585,440 shares of the company's stock worth $4,783,000 after buying an additional 235,440 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Energy Services of America by 90.4% during the third quarter. Millennium Management LLC now owns 382,589 shares of the company's stock valued at $3,960,000 after acquiring an additional 181,631 shares during the period. Geode Capital Management LLC grew its position in shares of Energy Services of America by 111.3% during the second quarter. Geode Capital Management LLC now owns 267,626 shares of the company's stock worth $2,661,000 after acquiring an additional 140,986 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Energy Services of America by 51.6% during the second quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company's stock worth $3,709,000 after acquiring an additional 127,016 shares during the last quarter. Finally, EHP Funds Inc. acquired a new stake in shares of Energy Services of America in the 2nd quarter worth about $1,112,000. Institutional investors own 2.13% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on ESOA. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Energy Services of America in a research report on Monday, December 29th. Wall Street Zen raised Energy Services of America from a "hold" rating to a "strong-buy" rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.00.
Read Our Latest Stock Analysis on ESOA
Energy Services of America Company Profile
(
Get Free Report)
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.
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