Litchfield Hills Research Brokers Boost Earnings Estimates for Energy Services of America Co. (NASDAQ:ESOA)

Energy Services of America Co. (NASDAQ:ESOA) – Equities researchers at Litchfield Hills Research increased their FY2024 earnings per share estimates for shares of Energy Services of America in a report released on Thursday, August 15th. Litchfield Hills Research analyst T. O’neill now expects that the company will earn $0.54 per share for the year, up from their previous forecast of $0.29.

Energy Services of America Stock Performance

ESOA opened at $10.79 on Monday. Energy Services of America has a twelve month low of $3.46 and a twelve month high of $10.94. The company has a 50-day moving average price of $7.48 and a 200 day moving average price of $7.50.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.10 by $0.27. The company had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $91.23 million.

Insiders Place Their Bets

In other news, Director Marshall T. Reynolds sold 31,630 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.00, for a total value of $284,670.00. Following the transaction, the director now owns 1,697,673 shares in the company, valued at $15,279,057. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Marshall T. Reynolds sold 31,630 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $9.00, for a total value of $284,670.00. Following the completion of the sale, the director now directly owns 1,697,673 shares in the company, valued at $15,279,057. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank S. Lucente sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $10.30, for a total transaction of $51,500.00. Following the completion of the transaction, the director now directly owns 287,137 shares in the company, valued at $2,957,511.10. The disclosure for this sale can be found here. 44.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Services of America

A number of large investors have recently made changes to their positions in the stock. Raffles Associates LP lifted its position in Energy Services of America by 22.6% during the second quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock worth $1,558,000 after buying an additional 40,142 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Energy Services of America by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 203,892 shares of the company’s stock worth $1,460,000 after acquiring an additional 23,192 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Energy Services of America by 20.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock valued at $1,279,000 after acquiring an additional 30,694 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Energy Services of America by 257.5% in the second quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock valued at $839,000 after purchasing an additional 84,362 shares during the period. Finally, Ritholtz Wealth Management increased its position in Energy Services of America by 46.7% during the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after purchasing an additional 19,380 shares during the last quarter. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

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.