Insider Buying: Energy Services of America (NASDAQ:ESOA) President Acquires $21,625.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $8.65 per share, for a total transaction of $21,625.00. Following the completion of the purchase, the president owned 1,468,361 shares in the company, valued at $12,701,322.65. This trade represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Energy Services of America Price Performance

Shares of ESOA stock opened at $8.10 on Friday. The firm has a 50 day moving average of $9.53 and a two-hundred day moving average of $9.94. Energy Services of America Co. has a 52 week low of $7.64 and a 52 week high of $15.23.

Energy Services of America (NASDAQ:ESOA) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13). The firm had revenue of $130.07 million during the quarter, compared to analyst estimates of $109.20 million.

Energy Services of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.5%. Energy Services of America’s payout ratio is currently 65.57%.

Institutional Investors Weigh In On Energy Services of America

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Energy Services of America by 2.0% in the third quarter. Vanguard Group Inc. now owns 613,541 shares of the company’s stock valued at $6,350,000 after purchasing an additional 11,798 shares during the last quarter. Millennium Management LLC lifted its position in shares of Energy Services of America by 90.4% during the 3rd quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock worth $3,960,000 after buying an additional 181,631 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Energy Services of America by 51.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock valued at $3,709,000 after buying an additional 127,016 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Energy Services of America by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 324,780 shares of the company’s stock valued at $3,362,000 after buying an additional 3,952 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Energy Services of America by 111.3% in the 2nd quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock valued at $2,661,000 after buying an additional 140,986 shares during the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ESOA shares. Wall Street Zen cut shares of Energy Services of America from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Services of America in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Energy Services of America has a consensus rating of “Moderate Buy” and a consensus 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.