Energy Services of America (NASDAQ:ESOA) Issues Quarterly Earnings Results

Energy Services of America (NASDAQ:ESOA) announced its quarterly earnings results on Monday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05), Zacks reports.

Energy Services of America Stock Performance

Shares of Energy Services of America stock opened at $10.01 on Wednesday. The company’s fifty day simple moving average is $13.36 and its 200-day simple moving average is $11.57. Energy Services of America has a 1 year low of $5.70 and a 1 year high of $19.83.

Energy Services of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.03 dividend. This is an increase from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. Energy Services of America’s dividend payout ratio (DPR) is presently 16.39%.

Insider Transactions at Energy Services of America

In other Energy Services of America news, Director Marshall T. Reynolds sold 11,005 shares of Energy Services of America stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $17.20, for a total transaction of $189,286.00. Following the sale, the director now owns 1,568,298 shares in the company, valued at $26,974,725.60. The trade was a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 44.68% of the stock is currently owned by corporate insiders.

About Energy Services of America

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.