Movers and SHAKERS
Energy Services of America (ESOA)
Positive Developments Amidst COVID-19 Uncertainty
Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical and automotive industries, and does incidental work such as water and sewer projects. Energy Service's other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services and other services related to pipeline construction.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
New addition to management. Charles Austin was recently appointed as President of C.J. Hughes, the largest subsidiary. With 40 years of experience in the natural gas and underground utility industries, including 19 years previously with C.J. Hughes, Mr. Austin adds depth to the management team. Doug Reynolds remains President of Energy Services.
Maintaining FY2020 EBITDA of $7.1 million and Treasury PPP program accessed. Forecasted revenue is $110.1 million, with gross margin of 10.6% and EBITDA margin of 6.4%. Energy Services applied for and received ~ $12.5 million from the Paycheck Protection Program (PPP) established by the Department of Treasury to help smaller companies retain...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.