Energy services of America director sells $505,000 in stock

Energy Services of America Corp. (OTC:) director Samuel G. Kapourales has sold a significant portion of his holdings in the company, according to a recent filing. Kapourales offloaded 50,000 shares at a weighted average price of $10.1 per share, netting a total of $505,000 from the sale.

The transaction, which took place on September 18, 2024, was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Kapourales retains ownership of 714,191 shares in the company. The stock sale by a director of Energy Services of America, a company specializing in water, sewer, pipeline, and power line construction, may attract the attention of investors monitoring insider activity.

Energy Services of America Corp., with its headquarters in Huntington, West Virginia, operates within the real estate and construction sector. The company, incorporated in Delaware, has a fiscal year ending on September 30.

This latest move by Kapourales comes as part of the regular financial disclosures required by company insiders. The reported transactions provide current and potential investors with insights into the actions of company executives and directors regarding their own stock in the company.

The filing was signed by Charles Crimmel, pursuant to a power of attorney, on September 19, 2024. The details of the transaction are publicly accessible for investors seeking to stay informed about the financial dealings of Energy Services of America’s directors.

In other recent news, Energy Services of America Corporation has broadened its operations with the acquisition of Heritage Painting, LLC. The West Virginia-based firm, known for its industrial and commercial painting services, will now operate as a subsidiary of Energy Services. The acquisition is a strategic move by Energy Services to expand its service portfolio and solidify its market position.

Heritage Painting’s services, which span fabricated pipe, large valves, commercial painting, and floor coatings, have found application in diverse sectors, including industrial, commercial, fabrication, oil, and gas industries. This acquisition is seen as an alignment of both companies’ commitment to exceptional customer service and safety.

Douglas Reynolds, President and CEO of Energy Services, expressed positive remarks about the acquisition, believing it to reinforce the company’s core values. However, the financial details of the acquisition remain undisclosed. These developments are among the latest for Energy Services, a company that primarily operates in the mid-Atlantic and Central regions of the United States.

InvestingPro Insights

Energy Services of America Corp. (OTC:ESOA) has demonstrated a strong performance in the market with a notable high return over the last year. This could be a contributing factor to the recent insider transaction by director Samuel G. Kapourales. The company’s ability to maintain profitability over the last twelve months, as indicated in the InvestingPro Tips, aligns with the positive financial results reported in the latest filings.

InvestingPro Data further reveals that Energy Services of America holds a market capitalization of $165.71 million, with a Price/Earnings (P/E) ratio of 16.09, which adjusts to 13.2 for the last twelve months as of Q3 2024. This suggests a valuation that may be attractive to investors seeking companies with reasonable earnings multiples. The company’s revenue growth is also robust, with a 31.56% increase over the last twelve months as of Q3 2024, though the quarterly growth seems more modest at 0.46%. Despite weak gross profit margins of 13.76%, the company’s operating income margin stands at 5.63%, indicating efficient operational management.

One of the InvestingPro Tips highlights Energy Services of America’s moderate level of debt, which could be a reassuring sign for investors concerned about financial stability. Additionally, the company’s strong return over the last three months, with a 30.21% total return, complements the impressive year-to-date price total return of 67.22%, underscoring the stock’s recent momentum.

For investors seeking further insights, there are additional InvestingPro Tips available that delve deeper into Energy Services of America’s financial health and market performance. These tips can provide a more comprehensive understanding of the company’s investment potential.

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