Energy Services of America (NASDAQ:ESOA) President Douglas Reynolds Buys 4,809 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds purchased 4,809 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $13.26 per share, with a total value of $63,767.34. Following the purchase, the president owned 1,481,270 shares of the company’s stock, valued at approximately $19,641,640.20. This represents a 0.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Energy Services of America Price Performance

Shares of ESOA opened at $13.82 on Tuesday. Energy Services of America Co. has a one year low of $7.64 and a one year high of $15.84. The stock’s fifty day moving average is $12.01 and its 200-day moving average is $10.43.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The company had revenue of $114.11 million during the quarter, compared to analyst estimates of $97.70 million.

Energy Services of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 31st. Energy Services of America’s payout ratio is 65.57%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ESOA. Larson Financial Group LLC raised its holdings 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 valued at $25,000 after acquiring an additional 1,314 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Energy Services of America by 137.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,390 shares of the company’s stock valued at $25,000 after acquiring an additional 1,384 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Energy Services of America during the 2nd quarter worth approximately $30,000. Raymond James Financial Inc. purchased a new position in Energy Services of America during the 2nd quarter worth approximately $44,000. Finally, JPMorgan Chase & Co. purchased a new position in Energy Services of America during the 2nd quarter worth approximately $56,000. 2.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on ESOA shares. Wall Street Zen upgraded shares of Energy Services of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Energy Services of America in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Energy Services of America presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.