Energy Services of America (NASDAQ:ESOA) Issues Earnings Results

by · The Cerbat Gem

Energy Services of America (NASDAQ:ESOA – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17, Zacks reports.

Energy Services of America Price Performance

Energy Services of America stock traded up $0.33 during mid-day trading on Monday, reaching $17.64. 79,656 shares of the company were exchanged, compared to its average volume of 195,551. The company has a fifty day simple moving average of $14.54 and a 200-day simple moving average of $11.44. Energy Services of America has a 12 month low of $7.83 and a 12 month high of $18.13.

Energy Services of America Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on ESOA shares. Weiss Ratings lowered Energy Services of America from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Check Out Our Latest Stock Analysis on Energy Services of America

Insider Buying and Selling at Energy Services of America

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

Institutional Investors Weigh In On Energy Services of America

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in shares of 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 valued at $25,000 after purchasing an additional 1,384 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of 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 valued at $25,000 after purchasing an additional 1,314 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Energy Services of America in the 2nd quarter valued at $44,000. JPMorgan Chase & Co. acquired a new stake in shares of Energy Services of America in the 2nd quarter valued at $56,000. Finally, Bank of America Corp DE boosted its holdings in shares of Energy Services of America by 5,900.0% in the 2nd quarter. Bank of America Corp DE now owns 5,760 shares of the company’s stock valued at $57,000 after purchasing an additional 5,664 shares in the last quarter. Institutional investors and hedge funds own 2.13% of the company’s stock.

Energy Services of America Company Profile

(Get Free Report)

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.

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