Energy Services of America Corporation (OTCMKTS:ESOA) Stock falls: Company Announces New COO
Shares of Energy Services of America Corporation (OTCMKTS:ESOA) pulled back a bit on Wednesday.
Market Stats
On Wednesday, ESOA stock decreased 8.12% to $2.88 with more than 47k shares, compared to its average volume of 16.6k shares. The stock moved within a range of $2.7600 – 3.2500 after opening trading at $3.14.
Energy Services Of America Announces Neil Riddle As Chief Operating Officer
Contractor and service company operating in mid-Atlantic and Central regions of the United States, Energy Services of America Corporation (OTCMKTS:ESOA) on February 16, 2022 announced appointment of R.Neil Riddle as Chief Operating Officer. Riddle has over three decades of experience in project management as well as executive experience. The new COO also has significant knowledge of renewables, heavy industrial, nuclear and fossil fuel business lines.
Douglas Reynolds, President said that he is delighted on Neil joining the Energy Services team as he is a proven leader with lot of expertise in in markets. Reynolds is confident on driving further growth as well as creating shareholder value.
Energy Services of America Corporation is providing services to customers in water distribution, natural gas, petroleum, chemical, automotive and power industries. Headquartered in Huntington, WV, Energy Services of America Corporation has over 700 employees, employed on a regular basis. The firm’s core values are quality, safety and production.ESA and its subsidiaries are equipped on ever-expanding footprint and prepared for emergency work. The company offers both union and non-union contractors and provides flexibility in services making it the choice-provider of all energy utility needs.
The firm had operating revenues of $119.2 million for the year ending September 30, 2020, from which 47.8% was due to gas & petroleum contract work, 43.3% to electrical and mechanical contract services, and the rest to water and sewer installations.
Key Quote
Douglas Reynolds, President, commented on the announcement. “We are extremely excited that Neil has decided to join our Energy Services team. He is a proven leader with broad expertise in our markets and I am confident he will drive further growth and create shareholder value.”
Traders Corner
ESOA stock is trading above the 50-Day and 200-Day Moving averages of $2.85 and $2.17 respectively. However, the stock is trading below the 20-Day moving average of $2.93.
