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Energy Services of America
(NASDAQ:ESOA)
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Rating:64Neutral
Price Target:
$11.50
▲(0.09% Upside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by improving fundamentals (strong revenue scale-up, profitability rebound, and sharply reduced leverage), partially offset by ongoing margin/cash-flow volatility. Technicals weigh on the rating due to a downtrend across major moving averages and negative MACD. Valuation is acceptable with a modest dividend, and recent corporate actions (FAMCO asset acquisition and continued dividend) add a positive but secondary tailwind.
Positive Factors
Revenue Growth
The sustained expansion in revenue indicates stronger project volume and broader customer activity across ESOA’s contracting markets. A larger operating base can improve resource utilization, support recurring maintenance work, and create a stronger platform for compounding earnings over the next several quarters.
Negative Factors
Margin Volatility
Large year-to-year margin swings make ESOA’s earnings power less predictable and indicate sensitivity to project mix, pricing, and execution. Even with a profitability rebound in TTM, continued variability could limit planning visibility, reduce cash conversion, and make results harder to sustain through changing contract conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sustained expansion in revenue indicates stronger project volume and broader customer activity across ESOA’s contracting markets. A larger operating base can improve resource utilization, support recurring maintenance work, and create a stronger platform for compounding earnings over the next several quarters.
Read all positive factors
Energy Services of America Key Performance Indicators (KPIs)
Energy Services of America (ESOA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$194.06M
Dividend Yield1.35%
Average Volume (3M)113.42K
Price to Earnings (P/E)17.2
Beta (1Y)0.57
Revenue Growth21.21%
EPS Growth252.85%
CountryUS
Employees1,418
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.60
Shares Outstanding18,659,182
10 Day Avg. Volume108,277
30 Day Avg. Volume113,417
Financial Highlights & Ratios
PEG Ratio-4.61
Price to Book (P/B)2.91
Price to Sales (P/S)0.42
P/FCF Ratio-77.70
Enterprise Value/Market Cap2.04
Enterprise Value/Revenue0.84
Enterprise Value/Gross Profit7.18
Enterprise Value/Ebitda12.06
Forecast
1Y Price Target
$20.00Price Target Upside74.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.83
Revenue Forecast (FY)$503.17M
Energy Services of America Business Overview & Revenue Model
Company Description
Energy Services of America Corporation (ESOA) delivers specialized contracting solutions to utility providers and energy-focused businesses throughout the United States. Its primary activities include the construction, replacement, and repair of b...
How the Company Makes Money
ESOA makes money primarily by earning revenue from contracting projects and service work performed for customers in energy and industrial end-markets. Its core revenue model is project- and service-based: customers contract ESOA (through its subsi...
Energy Services of America Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
73
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 467.37M | 411.00M | 351.88M | 304.10M | 197.59M | 122.47M |
| Gross Profit | 55.00M | 38.78M | 49.95M | 36.81M | 22.37M | 12.92M |
| EBITDA | 32.76M | 17.10M | 44.69M | 20.59M | 13.01M | 4.68M |
| Net Income | 10.45M | 379.71K | 25.11M | 7.40M | 3.75M | -887.52K |
Balance Sheet | ||||||
| Total Assets | 219.53M | 215.21M | 158.25M | 142.51M | 112.63M | 70.17M |
| Cash, Cash Equivalents and Short-Term Investments | 14.68M | 12.24M | 12.93M | 16.43M | 7.43M | 8.23M |
| Total Debt | 48.71M | 74.25M | 36.39M | 48.18M | 42.32M | 27.45M |
| Total Liabilities | 135.45M | 155.97M | 99.55M | 107.92M | 84.39M | 45.52M |
| Stockholders Equity | 84.08M | 59.24M | 58.69M | 34.59M | 28.24M | 24.65M |
Cash Flow | ||||||
| Free Cash Flow | 15.36M | -2.22M | 9.92M | 10.25M | 2.98M | -5.25M |
| Operating Cash Flow | 10.26M | 4.14M | 18.68M | 21.07M | 8.28M | 798.94K |
| Investing Cash Flow | -7.39M | -29.43M | -8.00M | -10.18M | -8.28M | -8.69M |
| Financing Cash Flow | -3.52M | 24.61M | -14.19M | -1.89M | -805.41K | 4.90M |
Energy Services of America Technical Analysis
Negative
11.49
Price Trends
12.05
Negative
14.32
Negative
13.51
Negative
Market Momentum
-0.35
Negative
34.31
Neutral
39.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ESOA, the sentiment is Negative. The current price of 11.49 is above the 20-day moving average (MA) of 10.96, below the 50-day MA of 12.05, and below the 200-day MA of 13.51, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 34.31 is Neutral, neither overbought nor oversold. The STOCH value of 39.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ESOA.
Energy Services of America Risk Analysis
Energy Services of America disclosed 28 risk factors in its most recent earnings report. Energy Services of America reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Energy Services of America Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $194.06M | 17.20 | 14.64% | 1.35% | 21.21% | 252.85% | |
64 Neutral | $740.15M | 101.81 | 2.75% | ― | 14.16% | -34.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $297.91M | -114.48 | -1.86% | ― | 13.56% | 91.27% | |
50 Neutral | $370.53M | 97.23 | 2.22% | ― | 7.05% | -67.59% | |
46 Neutral | $42.57M | -0.11 | 331.10% | ― | -32.66% | -397.97% |
* Industrials Sector Average
ESOA
Energy Services of America
10.40
0.57
5.77%
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Energy Services of America Corporate Events
Business Operations and StrategyM&A Transactions
Energy Services of America to Acquire FAMCO Assets
Positive
Oct 1, 2026
On October 1, 2026, Energy Services of America announced an agreement to acquire substantially all operating assets of FAMCO, Inc., a West Virginia utility contractor specializing in water and sewer infrastructure, for a base price of $6.95 millio...
Dividends
Energy Services of America Declares Quarterly Cash Dividend
Positive
Sep 17, 2026
On September 17, 2026, Energy Services of America Corporation declared a quarterly cash dividend of $0.04 per common share, signaling continued capital returns to its shareholders. The dividend will be paid on October 15, 2026, to shareholders of ...
Business Operations and StrategyRegulatory Filings and Compliance
Energy Services of America Updates Investor Presentation Materials
Neutral
Aug 26, 2026
On August 26, 2026, Energy Services of America Corporation updated its investor relations slide deck ahead of its presentation at the Midwest IDEAS Conference in Chicago, scheduled for August 27, 2026. The revised materials, made available on the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.