Insider Buying: Energy Services of America (NASDAQ:ESOA) President Purchases 2,600 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds purchased 2,600 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were purchased at an average price of $8.35 per share, with a total value of $21,710.00. Following the purchase, the president directly owned 1,470,961 shares in the company, valued at $12,282,524.35. This trade represents a 0.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Energy Services of America Trading Up 1.0%

Energy Services of America stock traded up $0.08 during midday trading on Tuesday, reaching $8.01. The stock had a trading volume of 38,396 shares, compared to its average volume of 215,210. The firm’s 50-day moving average price is $9.65 and its 200 day moving average price is $9.99. Energy Services of America Co. has a 12 month low of $7.64 and a 12 month high of $15.23.

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

Energy Services of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, October 6th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, October 6th. Energy Services of America’s payout ratio is presently 65.57%.

Hedge Funds Weigh In On Energy Services of America

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in shares of Energy Services of America by 137.6% in the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after buying an additional 1,384 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Energy Services of America by 117.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock valued at $25,000 after acquiring an additional 1,314 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Energy Services of America in the 2nd quarter worth $30,000. Quarry LP bought a new stake in shares of Energy Services of America during the first quarter valued at approximately $36,000. Finally, Raymond James Financial Inc. purchased a new stake in Energy Services of America in the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ESOA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Energy Services of America in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Energy Services of America from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.