Energy Services of America Co. (NASDAQ:ESOA) Director Acquires $14,991.12 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Patrick J. Farrell acquired 1,772 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was purchased at an average cost of $8.46 per share, with a total value of $14,991.12. Following the transaction, the director now owns 12,459 shares in the company, valued at approximately $105,403.14. This trade represents a 16.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Energy Services of America Price Performance

ESOA stock opened at $9.53 on Tuesday. Energy Services of America Co. has a 1-year low of $5.89 and a 1-year high of $19.83. The business’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $11.52.

Energy Services of America (NASDAQ:ESOA) last posted its earnings results on Monday, May 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.51). The firm had revenue of $76.68 million for the quarter, compared to the consensus estimate of $80.00 million.

Energy Services of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, March 31st. Energy Services of America’s payout ratio is 65.57%.

Hedge Funds Weigh In On Energy Services of America

A number of large investors have recently made changes to their positions in the company. Huntington National Bank boosted its stake in Energy Services of America by 80.1% in the 4th quarter. Huntington National Bank now owns 678,588 shares of the company’s stock valued at $8,564,000 after purchasing an additional 301,800 shares during the period. Truffle Hound Capital LLC acquired a new position in shares of Energy Services of America in the fourth quarter valued at about $5,048,000. American Century Companies Inc. increased its position in Energy Services of America by 46.0% during the fourth quarter. American Century Companies Inc. now owns 256,616 shares of the company’s stock worth $3,238,000 after acquiring an additional 80,878 shares during the period. Dimensional Fund Advisors LP increased its position in Energy Services of America by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 213,773 shares of the company’s stock worth $2,698,000 after acquiring an additional 15,761 shares during the period. Finally, Susquehanna International Group LLP raised its stake in Energy Services of America by 950.6% in the 4th quarter. Susquehanna International Group LLP now owns 184,326 shares of the company’s stock worth $2,326,000 after purchasing an additional 166,781 shares in the last quarter. Institutional investors own 2.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital assumed coverage on Energy Services of America in a report on Monday. They set a “buy” rating and a $21.00 price target for the company.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.