On September 20, 2024, Jack Reynolds, Director at Energy Services of America Corp (ESOA, Financial), executed a sale of 50,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 408,385 shares of Energy Services of America Corp.
Energy Services of America Corp provides contracting services for energy related companies. Specifically, the company is involved in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It is also engaged in the construction and maintenance of water and sewer lines.
Over the past year, the insider transaction history at Energy Services of America Corp shows a pattern of 25 insider sells and 6 insider buys. The recent sale by Jack Reynolds is part of a broader trend observed within the company's insider trading activities.
On the date of the sale, shares of Energy Services of America Corp were trading at $10.35, valuing the company at a market cap of $168.687 million. The company's price-earnings ratio stands at 7.02, which is below both the industry median of 15.355 and the company’s historical median.
According to the GF Value, an intrinsic value estimate used by GuruFocus, Energy Services of America Corp is significantly overvalued with a price-to-GF-Value ratio of 1.91. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This sale by Jack Reynolds marks a significant insider transaction for Energy Services of America Corp, as the insider continues to adjust their holdings in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
