On August 19, 2024, Marshall Reynolds, director and 10% owner of Energy Services of America Corp (NASDAQ:ESOA), completed a sale of 43,370 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 1,654,303 shares of Energy Services of America Corp.
Energy Services of America Corp provides contracting services to energy companies. Services include construction, replacement, and repair of natural gas pipelines and storage facilities for utilities and private natural gas companies. The company is involved in the construction of both interstate and intrastate pipelines.
Over the past year, the insider has sold a total of 144,469 shares and made no purchases. The recent sale is part of a broader trend observed over the past year, when there were 15 insider sales and 7 insider purchases within the company.
Energy Services of America Corp shares traded at $9.19 on the day of the sale, giving the company a market capitalization of $165.541 million. The stock’s price-to-earnings ratio is 6.89, which is below the industry median of 14.88 and the company’s historical median.
The stock is currently considered significantly overvalued with a price-to-GF-Value ratio of 1.65 based on a GF Value of $5.58. The GF Value is calculated by taking into account historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and future business development estimates from analysts.
This insider sale may be of interest to current and prospective investors as it provides insight into the insider’s view on the stock’s valuation and future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
