Key Points
- Director Marshall Reynolds sold 35,058 shares of Energy Services of America at an average price of $14.98, totaling about $525,169. After the sale, he still held 1,225,373 shares, reducing his stake by 2.78%.
- The company reported better-than-expected quarterly results, posting EPS of $0.01 versus estimates for a loss of $0.16, on revenue of $93.17 million compared with $80.90 million expected.
- Energy Services of America currently has a Moderate Buy analyst consensus with an average target price of $25.00, while the stock recently traded around $15.30 and has moved between $7.84 and $19.94 over the past year.
Energy Services of America Co. (NASDAQ:ESOA - Get Free Report) Director Marshall Reynolds sold 35,058 shares of Energy Services of America stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $14.98, for a total value of $525,168.84. Following the completion of the transaction, the director directly owned 1,225,373 shares of the company's stock, valued at $18,356,087.54. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Energy Services of America Stock Up 1.3%
Energy Services of America stock opened at $15.30 on Wednesday. The stock has a 50-day simple moving average of $15.60 and a 200 day simple moving average of $12.21. Energy Services of America Co. has a 12-month low of $7.84 and a 12-month high of $19.94.
Energy Services of America (NASDAQ:ESOA - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.17. The business had revenue of $93.17 million during the quarter, compared to the consensus estimate 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. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Energy Services of America's payout ratio is currently 65.57%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Lake Street Capital reissued a "buy" rating and set a $25.00 price objective on shares of Energy Services of America in a report on Tuesday, May 12th. Weiss Ratings raised Energy Services of America from a "hold (c-)" rating to a "hold (c+)" rating in a report on Wednesday, May 13th. Finally, 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $25.00.
Read Our Latest Report on Energy Services of America
Institutional Trading of Energy Services of America
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new stake in Energy Services of America during the 1st quarter worth about $922,000. Aristides Capital LLC acquired a new position in shares of Energy Services of America during the 1st quarter worth about $579,000. Calamos Advisors LLC acquired a new position in shares of Energy Services of America during the 1st quarter worth about $139,000. Hillsdale Investment Management Inc. bought a new stake in shares of Energy Services of America in the 1st quarter valued at about $361,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Energy Services of America in the 1st quarter valued at about $220,000. 2.13% of the stock is owned by institutional investors.
Energy Services of America Company Profile
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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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