Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Energy Services of America Corp (NASDAQ: ESOA) improved of late. ESOA’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/17/23, Energy Services of America Corp (NASDAQ: ESOA) stock rose modestly by 0.9%, closing at $4.58. The stock has declined -2.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ESOA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Energy Services of America has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Energy Services of America has a poor Appreciation Score of 26 but a very high Power Rating of 99, resulting in the Positive Value Trend Rating.
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