Energy Services of America Co. (NASDAQ:ESOA) Holdings Increased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. lifted its stake in Energy Services of America Co. (NASDAQ:ESOA) by 30.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,326,274 shares of the company’s stock after buying an additional 310,924 shares during the quarter. Energy Services of America makes up 6.7% of Thompson Davis & CO. Inc.’s holdings, making the stock its 2nd largest position. Thompson Davis & CO. Inc.’s holdings in Energy Services of America were worth $7,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Bailard Inc. purchased a new position in Energy Services of America during the fourth quarter worth approximately $112,000. Raymond James & Associates boosted its position in Energy Services of America by 27.0% during the fourth quarter. Raymond James & Associates now owns 23,497 shares of the company’s stock worth $141,000 after purchasing an additional 5,000 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Energy Services of America during the third quarter worth approximately $113,000. Finally, Essex Investment Management Co. LLC purchased a new position in Energy Services of America during the third quarter worth approximately $393,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Insider Activity at Energy Services of America

In related news, Director Mark Prince purchased 12,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of $7.57 per share, with a total value of $94,625.00. Following the completion of the acquisition, the director now owns 50,071 shares in the company, valued at $379,037.47. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Energy Services of America news, Director Joseph L. Williams sold 33,200 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $7.94, for a total transaction of $263,608.00. Following the completion of the sale, the director now owns 100,250 shares of the company’s stock, valued at $795,985. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark Prince bought 12,500 shares of Energy Services of America stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $7.57 per share, for a total transaction of $94,625.00. Following the transaction, the director now directly owns 50,071 shares of the company’s stock, valued at $379,037.47. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,500 shares of company stock valued at $134,475. 44.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, TheStreet raised Energy Services of America from a “c” rating to a “b-” rating in a report on Wednesday, February 14th.

Energy Services of America Price Performance

Shares of Energy Services of America stock traded down $0.53 during mid-day trading on Tuesday, reaching $6.92. 98,244 shares of the stock traded hands, compared to its average volume of 139,513. The business has a 50-day moving average of $7.80 and a 200 day moving average of $6.34. Energy Services of America Co. has a fifty-two week low of $1.84 and a fifty-two week high of $9.49.

Energy Services of America (NASDAQ:ESOA) last announced its earnings results on Monday, February 12th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $90.16 million for the quarter, compared to analyst estimates of $59.50 million.

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.