Marshall Reynolds Sells 64,942 Shares of Energy Services of America (NASDAQ:ESOA) Stock

Energy Services of America Co. (NASDAQ:ESOAGet Free Report) Director Marshall Reynolds sold 64,942 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $15.70, for a total transaction of $1,019,589.40. Following the completion of the sale, the director directly owned 1,260,431 shares of the company’s stock, valued at $19,788,766.70. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Energy Services of America Price Performance

Shares of NASDAQ:ESOA opened at $15.17 on Thursday. Energy Services of America Co. has a 1 year low of $7.84 and a 1 year high of $19.94. The business’s 50 day simple moving average is $15.67 and its 200 day simple moving average is $12.27.

Energy Services of America (NASDAQ:ESOAGet Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.17. The company had revenue of $93.17 million for the quarter, compared to analyst estimates of $80.90 million.

Energy Services of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. Energy Services of America’s dividend payout ratio is presently 65.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESOA. Goldman Sachs Group Inc. boosted its stake in shares of Energy Services of America by 15.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,543 shares of the company’s stock worth $478,000 after buying an additional 6,917 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $2,661,000 after buying an additional 140,986 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Energy Services of America in the 2nd quarter worth approximately $56,000. XTX Topco Ltd purchased a new position in shares of Energy Services of America in the 2nd quarter worth approximately $161,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Energy Services of America in the 2nd quarter worth approximately $156,000. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ESOA has been the subject of a number of recent research reports. Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Energy Services of America in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Read Our Latest Report on ESOA

About Energy Services of America

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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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Insider Buying and Selling by Quarter for Energy Services of America (NASDAQ:ESOA)

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