Energy Services of America (NASDAQ:ESOA) Posts Earnings Results, Beats Expectations By $0.17 EPS

Energy Services of America (NASDAQ:ESOA) released its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.17, Zacks reports.

Energy Services of America Price Performance

Shares of NASDAQ ESOA traded up $0.33 during trading hours on Monday, reaching $17.64. 79,656 shares of the stock were exchanged, compared to its average volume of 195,551. Energy Services of America has a 52 week low of $7.83 and a 52 week high of $18.13. The stock’s fifty day simple moving average is $14.54 and its 200 day simple moving average is $11.44.

Energy Services of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. Energy Services of America’s dividend payout ratio (DPR) is 65.57%.

Insider Buying and Selling at Energy Services of America

In other news, President Douglas V. Reynolds bought 4,809 shares of the stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $13.26 per share, for a total transaction of $63,767.34. Following the completion of the purchase, the president owned 1,481,270 shares in the company, valued at approximately $19,641,640.20. This trade represents a 0.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On Energy Services of America

A number of large investors have recently made changes to their positions in the company. First Trust Advisors LP increased its stake 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 purchasing an additional 920 shares during the period. Larson Financial Group LLC increased its stake in shares of Energy Services of America by 117.1% during the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after purchasing an additional 1,314 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Energy Services of America by 137.6% during the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after purchasing an additional 1,384 shares during the period. Barclays PLC increased its stake in shares of Energy Services of America by 6.6% during the fourth quarter. Barclays PLC now owns 24,042 shares of the company’s stock worth $196,000 after purchasing an additional 1,499 shares during the period. Finally, Man Group plc increased its stake in shares of Energy Services of America by 15.7% during the fourth quarter. Man Group plc now owns 16,770 shares of the company’s stock worth $137,000 after purchasing an additional 2,278 shares during the period. Institutional investors own 2.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings cut Energy Services of America from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen raised Energy Services of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.