Energy Services of America (NASDAQ:ESOA) Stock Rating Upgraded by Zacks Research

Energy Services of America (NASDAQ:ESOA) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

A number of other equities research analysts also recently commented on ESOA. Weiss Ratings downgraded shares of Energy Services of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Wall Street Zen cut Energy Services of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Energy Services of America Stock Down 0.4%

Shares of NASDAQ ESOA opened at $11.09 on Tuesday. The firm’s 50-day moving average price is $13.64 and its 200-day moving average price is $15.00. Energy Services of America has a 52-week low of $7.84 and a 52-week high of $19.94.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings data on Monday, August 10th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $130.01 million for the quarter, compared to analysts’ expectations of $112.65 million.

Institutional Trading of Energy Services of America

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in Energy Services of America in the second quarter worth approximately $26,000. PNC Financial Services Group Inc. grew its position in shares of Energy Services of America by 80.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after acquiring an additional 1,283 shares during the period. State of Wyoming bought a new stake in shares of Energy Services of America during the 2nd quarter valued at $93,000. T3 Companies LLC purchased a new stake in shares of Energy Services of America in the 4th quarter worth $133,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Energy Services of America in the 1st quarter worth $139,000. 2.13% of the stock is currently owned by institutional investors.

Energy Services of America Company Profile

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.