Bailard Inc. Takes Position in Energy Services of America Co. (NASDAQ:ESOA)

Bailard Inc. acquired a new position in shares of Energy Services of America Co. (NASDAQ:ESOA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 18,800 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors also recently bought and sold shares of ESOA. Essex Investment Management Co. LLC purchased a new position in shares of Energy Services of America during the third quarter worth about $393,000. Acadian Asset Management LLC acquired a new stake in Energy Services of America during the 3rd quarter worth approximately $113,000. Finally, Raymond James & Associates grew its stake in shares of Energy Services of America by 27.0% in the 4th quarter. Raymond James & Associates now owns 23,497 shares of the company’s stock valued at $141,000 after purchasing an additional 5,000 shares during the last quarter. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Energy Services of America Stock Performance

Shares of Energy Services of America stock opened at $7.45 on Tuesday. The firm has a fifty day moving average of $7.80 and a two-hundred day moving average of $6.34. Energy Services of America Co. has a one year low of $1.84 and a one year high of $9.49.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings results on Monday, February 12th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $90.16 million for the quarter, compared to analysts’ expectations of $59.50 million.

Analyst Ratings Changes

Separately, TheStreet upgraded Energy Services of America from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th.

Insider Activity at Energy Services of America

In other Energy Services of America news, Director Mark Prince bought 12,500 shares of Energy Services of America stock in a transaction on Monday, February 26th. The stock was bought at an average price of $7.57 per share, with a total value of $94,625.00. Following the completion of the acquisition, the director now owns 50,071 shares in the company, valued at $379,037.47. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Joseph L. Williams sold 33,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $7.94, for a total transaction of $263,608.00. Following the sale, the director now owns 100,250 shares of the company’s stock, valued at approximately $795,985. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Prince acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $7.57 per share, with a total value of $94,625.00. Following the completion of the purchase, the director now directly owns 50,071 shares in the company, valued at $379,037.47. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,500 shares of company stock worth $134,475 over the last three months. 44.68% of the stock is currently owned by corporate insiders.

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.