Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Energy Services of America Corp (NASDAQ: ESOA) weakened of late. ESOA’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Energy Services of America Corp (NASDAQ: ESOA) stock closed at $5.39 on 12/22/23 after a very large increase of 5.7%. Moreover, trading volume in this advance was above average at 137% of normal. The stock has risen 46.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ESOA is expected to continue to be a modest Value Builder.
Energy Services of America has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Energy Services of America has a poor Appreciation Score of 23 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
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