Insider Buying: Energy Services of America (NASDAQ:ESOA) President Buys 1,500 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) President Douglas Reynolds bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of $13.04 per share, for a total transaction of $19,560.00. Following the transaction, the president owned 1,476,461 shares of the company’s stock, valued at $19,253,051.44. The trade was a 0.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Energy Services of America Stock Up 0.4%

ESOA stock opened at $13.32 on Monday. Energy Services of America Co. has a one year low of $7.64 and a one year high of $15.84. The company has a 50 day moving average price of $11.90 and a two-hundred day moving average price of $10.40.

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

Institutional Investors Weigh In On Energy Services of America

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in 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 worth $25,000 after acquiring an additional 1,314 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 1,384 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Energy Services of America during the 2nd quarter worth about $30,000. Raymond James Financial Inc. purchased a new stake in shares of Energy Services of America during the 2nd quarter worth about $44,000. Finally, JPMorgan Chase & Co. acquired a new stake in Energy Services of America during the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ESOA shares. Wall Street Zen upgraded 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 report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Energy Services of America currently has a consensus rating of “Moderate Buy” and a consensus target price 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.