Energy Services of America (NASDAQ:ESOA) Issues Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Energy Services of America (NASDAQ:ESOA) posted its earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.28, Zacks reports.

Energy Services of America Trading Up 17.6 %

Shares of ESOA opened at $18.80 on Tuesday. The firm has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $9.98. Energy Services of America has a 1-year low of $4.11 and a 1-year high of $19.83.

Energy Services of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.64%. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02. Energy Services of America’s dividend payout ratio is presently 16.39%.

Insider Transactions at Energy Services of America

In related news, Director Jack M. Reynolds sold 25,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $10.30, for a total value of $257,500.00. Following the sale, the director now owns 408,385 shares in the company, valued at approximately $4,206,365.50. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samuel G. Kapourales sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total value of $505,000.00. Following the transaction, the director now owns 714,191 shares of the company’s stock, valued at $7,213,329.10. This trade represents a 6.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 44.68% 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.