Energy Services of America Co. (NASDAQ:ESOA) Short Interest Down 13.6% in February

Energy Services of America Co. (NASDAQ:ESOA) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 877,736 shares, a decline of 13.6% from the January 29th total of 1,015,710 shares. Based on an average trading volume of 403,062 shares, the short-interest ratio is currently 2.2 days. Based on an average trading volume of 403,062 shares, the short-interest ratio is currently 2.2 days.

Energy Services of America Price Performance

Shares of NASDAQ:ESOA traded up $0.09 during midday trading on Wednesday, reaching $14.69. The company had a trading volume of 43,262 shares, compared to its average volume of 274,527. Energy Services of America has a 1-year low of $7.64 and a 1-year high of $15.84. The business’s 50 day moving average price is $10.49 and its 200 day moving average price is $10.07.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.16 earnings per share for the quarter, beating 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. Energy Services of America’s payout ratio is currently 65.57%.

Wall Street Analysts Forecast Growth

ESOA has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Services of America in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Activity

In related news, Director Marshall T. Reynolds sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $8.37, for a total value of $837,000.00. Following the completion of the transaction, the director directly owned 1,425,373 shares in the company, valued at approximately $11,930,372.01. The trade was a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Douglas V. Reynolds bought 4,000 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average cost of $8.07 per share, with a total value of $32,280.00. Following the completion of the purchase, the president owned 1,474,961 shares in the company, valued at $11,902,935.27. This represents a 0.27% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 9,100 shares of company stock valued at $75,615 over the last 90 days. Corporate insiders own 44.68% of the company’s stock.

Institutional Investors Weigh In On Energy Services of America

Several hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in Energy Services of America by 117.1% in the third 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 during the period. BNP Paribas Financial Markets increased its holdings in shares of Energy Services of America by 137.6% during the 3rd 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 bought a new stake in Energy Services of America in the 2nd quarter valued at $30,000. Raymond James Financial Inc. acquired a new stake in Energy Services of America during the 2nd quarter valued at $44,000. Finally, JPMorgan Chase & Co. acquired a new stake in Energy Services of America during the 2nd quarter valued at $56,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

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.