Energy Services of America Co. (NASDAQ:ESOA – Get Free Report) Director Marshall Reynolds sold 35,058 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $14.98, for a total value of $525,168.84. Following the completion of the transaction, the director owned 1,225,373 shares in the company, valued at approximately $18,356,087.54. This represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Energy Services of America Trading Up 2.5%
NASDAQ:ESOA traded up $0.38 during mid-day trading on Tuesday, hitting $15.49. The company had a trading volume of 240,059 shares, compared to its average volume of 201,230. Energy Services of America Co. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The business’s fifty day moving average is $15.60 and its two-hundred day moving average is $12.21.
Energy Services of America (NASDAQ:ESOA – Get Free Report) last released its earnings results on Monday, May 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.17. The company had revenue of $93.17 million during the quarter, compared to analyst estimates of $80.90 million.
Energy Services of America Announces Dividend
Analyst Upgrades and Downgrades
Several research firms have weighed in on ESOA. Lake Street Capital reissued a “buy” rating and issued a $25.00 target price on shares of Energy Services of America in a research note on Tuesday, May 12th. Weiss Ratings raised Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.00.
View Our Latest Stock Analysis on ESOA
Institutional Investors Weigh In On Energy Services of America
A number of hedge funds have recently modified their holdings of ESOA. Goldman Sachs Group Inc. grew its stake in Energy Services of America by 15.9% in the first quarter. Goldman Sachs Group Inc. now owns 50,543 shares of the company’s stock valued at $478,000 after purchasing an additional 6,917 shares in the last quarter. Geode Capital Management LLC grew its stake in Energy Services of America by 111.3% in the second quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock valued at $2,661,000 after purchasing an additional 140,986 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Energy Services of America in the second quarter valued at approximately $56,000. XTX Topco Ltd bought a new position in Energy Services of America in the second quarter valued at approximately $161,000. Finally, Russell Investments Group Ltd. bought a new position in Energy Services of America in the second quarter valued at approximately $156,000. Institutional investors and hedge funds own 2.13% of the company’s stock.
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.
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