Energy Services of America Co. (ESOA) To Go Ex-Dividend on September 30th

Energy Services of America Co. (NASDAQ:ESOA) declared a quarterly dividend on Thursday, September 17th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.04 per share on Thursday, October 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 30th.

Energy Services of America Price Performance

NASDAQ:ESOA opened at $11.12 on Monday. Energy Services of America has a 52-week low of $7.84 and a 52-week high of $19.94. The stock’s 50-day simple moving average is $12.87 and its 200 day simple moving average is $14.81.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $130.01 million during the quarter, compared to the consensus estimate of $112.65 million.

Analysts Set New Price Targets

ESOA has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Energy Services of America from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Zacks Research raised shares of Energy Services of America to a “hold” rating in a report on Tuesday, September 15th. Roth Capital initiated coverage on shares of Energy Services of America in a research note on Thursday. They issued a “buy” rating and a $20.00 target price for the company. Finally, Wall Street Zen lowered Energy Services of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Energy Services of America Company Profile

Energy Services of America Corporation is a Huntington, West Virginia-based holding company that provides construction and maintenance services for the energy and utility industries. Through its operating subsidiaries, the company focuses on building, repairing and maintaining infrastructure used to transport and distribute natural gas and other energy products.

The company’s services include pipeline construction, pipeline replacement and maintenance, gas distribution work, industrial construction, facility maintenance, and related infrastructure services.