Insider Selling: Energy Services of America Co. (NASDAQ:ESOA) Director Sells 50,000 Shares of Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Samuel G. Kapourales sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was 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 directly owns 714,191 shares of the company’s stock, valued at $7,213,329.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Energy Services of America Price Performance

Shares of Energy Services of America stock opened at $10.16 on Friday. The firm has a 50 day simple moving average of $8.71 and a 200 day simple moving average of $7.85. Energy Services of America Co. has a fifty-two week low of $3.46 and a fifty-two week high of $11.16.

Energy Services of America (NASDAQ:ESOA) last released its 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 104,299 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Energy Services of America during the 1st quarter valued at $109,000. LSV Asset Management bought a new stake in shares of Energy Services of America during the 1st quarter valued at $116,000. Ritholtz Wealth Management lifted its stake in shares of Energy Services of America by 46.7% in the 2nd quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock valued at $436,000 after purchasing an additional 19,380 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Energy Services of America in the 1st quarter worth $106,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Energy Services of America Company Profile

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.