Key Points
- Director Mark Prince sold 33,000 shares of Energy Services of America at an average price of $17.80, reducing his stake by about 33% and generating $587,400 in proceeds.
- The company recently beat quarterly expectations, reporting $0.01 EPS versus an expected loss of $0.16 and revenue of $93.17 million versus estimates of $80.90 million.
- Analysts remain moderately bullish on ESOA, with a consensus rating of “Moderate Buy” and an average price target of $25.00, while institutional investors have also been increasing their positions.
Energy Services of America Co. (NASDAQ:ESOA - Get Free Report) Director Mark Prince sold 33,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $17.80, for a total value of $587,400.00. Following the completion of the transaction, the director directly owned 67,071 shares in the company, valued at $1,193,863.80. This trade represents a 32.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Energy Services of America Stock Down 0.8%
Shares of ESOA stock opened at $16.42 on Friday. The stock's 50-day moving average is $15.53 and its two-hundred day moving average is $12.15. Energy Services of America Co. has a 1 year low of $7.84 and a 1 year high of $19.94.
Energy Services of America (NASDAQ:ESOA - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.17. The firm had revenue of $93.17 million for the quarter, compared to analysts' expectations of $80.90 million.
Energy Services of America Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.03 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. Energy Services of America's dividend payout ratio (DPR) is presently 65.57%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on ESOA shares. Weiss Ratings upgraded 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 restated a "buy" rating and issued a $25.00 price objective on shares of Energy Services of America in a research report on Tuesday, May 12th. Finally, 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. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.
Get Our Latest Stock Report on ESOA
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in Energy Services of America by 15.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,543 shares of the company's stock valued at $478,000 after acquiring an additional 6,917 shares during the last quarter. Geode Capital Management LLC raised its holdings in Energy Services of America by 111.3% in the 2nd quarter. Geode Capital Management LLC now owns 267,626 shares of the company's stock valued at $2,661,000 after acquiring an additional 140,986 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Energy Services of America in the 2nd quarter valued at $56,000. XTX Topco Ltd acquired a new position in Energy Services of America in the 2nd quarter valued at $161,000. Finally, Russell Investments Group Ltd. acquired a new position in Energy Services of America in the 2nd quarter valued at $156,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.
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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