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Charles P. Crimmel, the Chief Financial Officer of Energy Services of America (OTC:ESOA) Corp. (NASDAQ:ESOA), recently purchased 500 shares of the company’s common stock. The shares were acquired at a price of $9.40 each, totaling $4,700. The stock, currently trading at $9.49, has shown remarkable strength with a 15.31% gain in the past week and a 53.1% return over the last year. According to InvestingPro analysis, ESOA appears fairly valued at current levels. Following this transaction on May 19, 2025, Crimmel now owns 5,879 shares directly. Additionally, he holds 589 shares indirectly through a 401(k) plan. The shares include restricted stock that will vest at a rate of one-third per year starting in January 2025 and January 2026. With a market capitalization of $159 million and an attractive P/E ratio of 7.72, ESOA maintains a "GREAT" financial health score. InvestingPro subscribers can access 5 additional key insights about ESOA’s valuation and growth prospects.
In other recent news, Energy Services of America announced a quarterly cash dividend of $0.03 per common share, payable on April 15, 2025, to shareholders recorded by March 31, 2025. This decision aligns with the company’s strategy to provide value to its investors and was disclosed in a Form 8-K filing with the Securities and Exchange Commission. Additionally, Energy Services of America held its Annual Meeting of Stockholders, where several key proposals were voted on, including the election of directors and the ratification of its independent auditor, Urish Popeck & Co., LLC, for the fiscal year ending September 30, 2025. Shareholders also approved an advisory resolution on executive compensation and expressed a preference for annual advisory votes on this matter.
Lake Street Capital Markets recently initiated coverage on Energy Services of America, assigning a Buy rating with a price target of $21.00. The analyst highlighted the company’s improved operating margins and free cash flow, along with its acquisition of Tribute Contracting, which is expected to strengthen its position in the water vertical. The firm noted that Energy Services of America’s current valuation is significantly lower than its peers, suggesting potential for future growth. These developments reflect the company’s ongoing efforts to enhance its financial performance and shareholder value.
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