Yahoo Finance Director, 10% Owner Marshall Reynolds Sells Shares of Energy Services of America Corp (ESOA)
Energy Services of America Corp (NASDAQ:ESOA), the parent company of C.J. Hughes Construction Company and Nitro Electric Company, provides contracting services for energy related companies. Specifically, ESOA is engaged in the provision of construction services for the gas, petroleum, power, chemical and automotive industries.According to a recent SEC Filing, Director and 10% Owner Marshall Reynolds sold 14,709 shares of Energy Services of America Corp (NASDAQ:ESOA) on February 29, 2024. Over the past year, the insider has sold a total of 14,709 shares and has not made any purchases of the company's stock.The insider transaction history for Energy Services of America Corp (NASDAQ:ESOA) indicates a pattern of insider activity. There have been 7 insider buys and 5 insider sells over the past year.
On the valuation front, shares of Energy Services of America Corp (NASDAQ:ESOA) were trading at $8.04 on the day of the insider's recent transaction, resulting in a market cap of $120.761 million. The price-earnings ratio stands at 12.98, which is below the industry median of 15.33 but above the company's historical median price-earnings ratio.The stock's price relative to the GuruFocus Value (GF Value) indicates that Energy Services of America Corp (NASDAQ:ESOA) is significantly overvalued. With a share price of $8.04 and a GF Value of $4.46, the price-to-GF-Value ratio is 1.8.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
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.
This article first appeared on GuruFocus.
