Energy Services of America (NASDAQ:ESOA) President Douglas Reynolds Buys 4,000 Shares

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were purchased at an average price of $8.07 per share, for a total transaction of $32,280.00. Following the completion of the transaction, the president directly owned 1,474,961 shares of the company’s stock, valued at $11,902,935.27. This represents a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Energy Services of America Stock Performance

Shares of ESOA stock opened at $8.08 on Wednesday. The company’s fifty day moving average price is $9.61 and its 200-day moving average price is $9.97. Energy Services of America Co. has a 12 month low of $7.64 and a 12 month high of $15.23.

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

Energy Services of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Energy Services of America’s dividend payout ratio (DPR) is 65.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Energy Services of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energy Services of America in a research report on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Energy Services of America currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Energy Services of America by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 613,541 shares of the company’s stock worth $6,350,000 after acquiring an additional 11,798 shares in the last quarter. Millennium Management LLC increased its stake 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 purchasing an additional 181,631 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Energy Services of America by 51.6% in the second quarter. Balyasny Asset Management L.P. now owns 373,165 shares of the company’s stock worth $3,709,000 after purchasing an additional 127,016 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Energy Services of America by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 324,780 shares of the company’s stock valued at $3,362,000 after purchasing an additional 3,952 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of 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 valued at $2,661,000 after buying an additional 140,986 shares in the last quarter. 2.13% of the stock is owned by hedge funds and other institutional investors.

About Energy Services of America

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.