Energy Services of America Co. (NASDAQ:ESOA) Short Interest Update

Energy Services of America Co. (NASDAQ:ESOA) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 143,800 shares, a decrease of 16.4% from the September 15th total of 172,100 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 160,700 shares, the short-interest ratio is presently 0.9 days.

Insider Buying and Selling at Energy Services of America

In related news, Director Samuel G. Kapourales sold 50,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total transaction of $505,000.00. Following the transaction, the director now owns 714,191 shares of the company’s stock, valued at approximately $7,213,329.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Energy Services of America news, 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 transaction of $505,000.00. Following the completion of the transaction, the director now owns 714,191 shares in the company, valued at $7,213,329.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack M. Reynolds sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 408,385 shares of the company’s stock, valued at $4,206,365.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 160,576 shares of company stock worth $1,567,557 over the last ninety days. Company insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Denali Advisors LLC bought a new position in Energy Services of America in the first quarter valued at approximately $154,000. Advisor Resource Council bought a new position in shares of Energy Services of America in the 1st quarter valued at about $126,000. Thompson Davis & CO. Inc. increased its position in shares of Energy Services of America by 0.6% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,333,725 shares of the company’s stock worth $11,003,000 after purchasing an additional 7,451 shares during the last quarter. LSV Asset Management bought a new stake in Energy Services of America during the first quarter worth $116,000. Finally, Vanguard Group Inc. raised its position in Energy Services of America by 32.5% during the first quarter. Vanguard Group Inc. now owns 424,892 shares of the company’s stock worth $3,505,000 after acquiring an additional 104,299 shares in the last quarter. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Trading Up 3.5 %

Shares of ESOA traded up $0.36 on Wednesday, reaching $10.57. 99,764 shares of the company’s stock were exchanged, compared to its average volume of 150,614. Energy Services of America has a 12 month low of $3.46 and a 12 month high of $11.16. The business has a 50 day moving average price of $9.55 and a two-hundred day moving average price of $8.05.

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

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.