Energy Services of America (NASDAQ:ESOA) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Energy Services of America (NASDAQ:ESOA) issued its quarterly earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05, FiscalAI reports. The business had revenue of $114.11 million for the quarter, compared to the consensus estimate of $97.70 million.

Energy Services of America Stock Performance

ESOA opened at $9.50 on Tuesday. The firm’s fifty day moving average is $8.61 and its 200 day moving average is $9.60. Energy Services of America has a fifty-two week low of $7.64 and a fifty-two week high of $12.14.

Energy Services of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Energy Services of America’s dividend payout ratio is currently 65.57%.

Analyst Ratings Changes

ESOA has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Services of America in a research note on Monday, December 29th. Wall Street Zen lowered shares of Energy Services of America from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Energy Services of America currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Insider Transactions at Energy Services of America

In other news, Director Marshall T. Reynolds sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $8.37, for a total transaction of $837,000.00. Following the transaction, the director owned 1,425,373 shares of the company’s stock, valued at approximately $11,930,372.01. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Douglas V. Reynolds acquired 4,000 shares of Energy Services of America stock in a transaction that occurred on Friday, December 19th. The stock was purchased at an average cost 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 in the company, valued at $11,902,935.27. This trade represents a 0.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 9,100 shares of company stock valued at $75,615. Company insiders own 44.68% of the company’s stock.

Hedge Funds Weigh In On Energy Services of America

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC raised its stake in shares of Energy Services of America by 117.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,436 shares of the company’s stock worth $25,000 after acquiring an additional 1,314 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Energy Services of America by 3.8% during the 2nd quarter. First Trust Advisors LP now owns 36,160 shares of the company’s stock worth $359,000 after purchasing an additional 1,332 shares during the period. BNP Paribas Financial Markets raised its holdings in 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 worth $25,000 after purchasing an additional 1,384 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Energy Services of America by 1.2% in the third 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, Raymond James Financial Inc. acquired a new position in Energy Services of America in the 2nd quarter valued at $44,000. 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.