Energy services of america director sells shares worth $10,500

Energy Services of America Corp (OTC:ESOA ) director Frank S. Lucente has recently sold shares in the company, according to the latest filings. On September 19, 2024, Lucente sold 1,000 shares of common stock at a weighted average price of $10.50 per share, totaling $10,500.

The transaction has adjusted Lucente's direct holdings to 278,337 shares following the sale. Additionally, it's noted that an indirect holding of 38,673 shares is owned through Lucente's spouse, which remains unchanged.

Investors often monitor insider transactions as they can provide insights into the confidence levels of a company's executives and board members regarding the firm's prospects. The sale by Lucente might draw particular interest from the market, given that directors' transactions are closely observed for potential implications about the company's future performance.

Energy Services of America Corp, incorporated in Delaware and based in Huntington, West Virginia, operates in the water, sewer, pipeline, communication, and power line construction industry. The company has a fiscal year-end on September 30.

The signature on the filing was provided by Charles Crimmel, pursuant to power of attorney, indicating that he has the authorization to act on behalf of Lucente for such filings.

Investors and stakeholders of Energy Services of America Corp can access the full details of the transaction through the company's filings and are encouraged to review such documents to understand the context of these sales within the broader scope of the company's financial performance and strategic direction.



In other recent news, Energy Services of America Corp reported the resignation of Mr. Samuel G. Kapourales from his role as a director. The company clarified that his departure did not stem from any disagreements with the management, and no immediate operational or strategic changes were indicated following his exit. In another development, Energy Services of America expanded its operations with the acquisition of Heritage Painting, LLC, a firm known for its industrial and commercial painting services. The acquisition, announced by CEO Douglas Reynolds, is part of the company's strategy to broaden its service portfolio. The financial terms of the acquisition were not disclosed. These are among the latest developments for Energy Services of America, a company that continues to make headlines in its industry.
InvestingPro Insights


As investors consider the implications of the recent insider transaction at Energy Services of America Corp (OTC:ESOA), it's valuable to look at the company through various financial lenses. The sale by director Frank S. Lucente might prompt stakeholders to delve deeper into the company's fundamentals and performance metrics.

One key highlight from the InvestingPro platform is ESOA's perfect Piotroski Score of 9, which suggests the company is in top financial health. This score is particularly relevant as it may contrast with the insider selling activity, providing a broader perspective on the company's financial stability.

While the company has been flagged for weak gross profit margins, with the last twelve months up to Q3 2024 showing a margin of 13.76%, it has also demonstrated a significant return on assets of 17.38% during the same period. This robust return on assets could signal efficient management of the company's resources.

Investors may also be interested in the company's stock performance, which has seen a high return over the last year, with a 1 Year Price Total Return of 176.9%. Additionally, the stock has experienced a strong return over the last three months, with a 3 Month Price Total Return of 42.7%. These figures could indicate a positive market sentiment towards the company's stock.

For those looking to explore further, there are additional InvestingPro Tips available on the platform, providing more in-depth analysis and recommendations for ESOA. By visiting the dedicated InvestingPro page for ESOA, investors can access a comprehensive set of tips to inform their investment decisions.

With these insights, stakeholders can gain a more nuanced understanding of Energy Services of America Corp's position in the market and the potential factors influencing insider transactions.

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Source: Investing.com