Insider Selling: Energy Services of America (NASDAQ:ESOA) Director Sells 43,243 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 43,243 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $16.32, for a total value of $705,725.76. Following the completion of the transaction, the director owned 1,325,373 shares of the company’s stock, valued at approximately $21,630,087.36. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Energy Services of America Trading Down 0.8%

Shares of NASDAQ:ESOA traded down $0.13 during midday trading on Thursday, hitting $16.42. 220,139 shares of the stock were exchanged, compared to its average volume of 198,848. Energy Services of America Co. has a twelve month low of $7.84 and a twelve month high of $19.94. The company has a 50 day moving average price of $15.46 and a 200-day moving average price of $12.11.

Energy Services of America (NASDAQ:ESOA) last posted its earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.17. The business had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $80.90 million.

Energy Services of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 0.7%. Energy Services of America’s dividend payout ratio is currently 65.57%.

Analyst Upgrades and Downgrades

ESOA has been the topic of a number of recent research reports. Wall Street Zen raised Energy Services of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Lake Street Capital reissued a “buy” rating and set a $25.00 price target on shares of Energy Services of America in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Investors Weigh In On Energy Services of America

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Energy Services of America by 2.4% during the fourth quarter. First Trust Advisors LP now owns 38,954 shares of the company’s stock worth $318,000 after buying an additional 920 shares in the last quarter. Navellier & Associates Inc. boosted its position in Energy Services of America by 3.7% during the third quarter. Navellier & Associates Inc. now owns 34,405 shares of the company’s stock worth $356,000 after acquiring an additional 1,223 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock worth $38,000 after acquiring an additional 1,283 shares during the last quarter. Larson Financial Group LLC grew its stake in Energy Services of America by 117.1% in 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 period. Finally, BNP Paribas Financial Markets grew its stake in Energy Services of America by 137.6% in 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 period. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Services of America

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.