Energy Services of America (NASDAQ:ESOA) Upgraded to “Buy” at Wall Street Zen

Energy Services of America (NASDAQ:ESOA) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Lake Street Capital initiated coverage on Energy Services of America in a research note on Monday, May 19th. They set a “buy” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.

Energy Services of America Stock Down 0.9%

Energy Services of America stock opened at $10.19 on Friday. Energy Services of America has a one year low of $7.64 and a one year high of $19.83. The business has a fifty day moving average price of $10.04 and a 200-day moving average price of $9.79.

Institutional Investors Weigh In On Energy Services of America

A number of large investors have recently added to or reduced their stakes in ESOA. Wells Fargo & Company MN purchased a new position in shares of Energy Services of America in the fourth quarter worth about $111,000. Barclays PLC purchased a new position in shares of Energy Services of America in the fourth quarter worth about $234,000. Dimensional Fund Advisors LP increased its holdings in shares of Energy Services of America by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 213,773 shares of the company’s stock worth $2,698,000 after buying an additional 15,761 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Energy Services of America in the fourth quarter worth about $112,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Energy Services of America by 950.6% in the fourth quarter. Susquehanna International Group LLP now owns 184,326 shares of the company’s stock worth $2,326,000 after buying an additional 166,781 shares during the period. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.