Energy Services of America (NASDAQ:ESOA) Director Mark Prince Sells 33,000 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Mark Prince sold 33,000 shares of Energy Services of America stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $17.80, for a total value of $587,400.00. Following the completion of the transaction, the director owned 67,071 shares of the company’s stock, valued at approximately $1,193,863.80. This represents a 32.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Energy Services of America Trading Down 0.8%

NASDAQ:ESOA opened at $16.42 on Friday. Energy Services of America Co. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock has a 50 day moving average of $15.53 and a two-hundred day moving average of $12.15.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.17. The firm had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $80.90 million.

Energy Services of America Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of Energy Services of America in a report on Tuesday, May 12th. Weiss Ratings upgraded Energy Services of America from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Institutional Trading of Energy Services of America

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Energy Services of America by 137.6% during the third quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock worth $25,000 after acquiring an additional 1,384 shares during the period. Larson Financial Group LLC increased its position in shares of Energy Services of America by 117.1% during the third quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after acquiring an additional 1,314 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Energy Services of America by 80.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock worth $38,000 after acquiring an additional 1,283 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Energy Services of America during the second quarter worth $44,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Energy Services of America during the second quarter worth $56,000. Hedge funds and other institutional investors 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.