Insider Selling: Energy Services of America (NASDAQ:ESOA) Director Sells $837,000.00 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall Reynolds sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $8.37, for a total value of $837,000.00. Following the transaction, the director owned 1,425,373 shares in the company, valued at approximately $11,930,372.01. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Energy Services of America Stock Performance

ESOA opened at $8.39 on Thursday. The business has a fifty day simple moving average of $9.77 and a 200 day simple moving average of $10.04. Energy Services of America Co. has a 1 year low of $7.64 and a 1 year high of $18.41.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.13). The business had revenue of $130.07 million during the quarter, compared to analysts’ expectations of $109.20 million.

Energy Services of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, October 6th were paid a $0.03 dividend. The ex-dividend date was Monday, October 6th. This represents a $0.12 annualized dividend and a yield of 1.4%. Energy Services of America’s payout ratio is 65.57%.

Analyst Ratings Changes

A number of brokerages have issued reports on ESOA. Wall Street Zen lowered shares of Energy Services of America from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reissued a “hold (c)” rating on shares of Energy Services of America in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Institutional Trading of Energy Services of America

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Energy Services of America by 90.4% in the third quarter. Millennium Management LLC now owns 382,589 shares of the company’s stock worth $3,960,000 after acquiring an additional 181,631 shares during the last quarter. Geode Capital Management LLC increased its position in Energy Services of America by 111.3% during the 2nd quarter. Geode Capital Management LLC now owns 267,626 shares of the company’s stock worth $2,661,000 after purchasing an additional 140,986 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Energy Services of America by 51.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock valued at $3,709,000 after purchasing an additional 127,016 shares during the last quarter. EHP Funds Inc. acquired a new stake in Energy Services of America in the second quarter valued at approximately $1,112,000. Finally, Ancora Advisors LLC acquired a new stake in Energy Services of America in the first quarter valued at approximately $809,000. Institutional investors own 2.13% of the company’s stock.

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.