Douglas V. Reynolds, the president of Energy Services of America CORP (NASDAQ: ESOA), reported two open-market purchases of the company’s common stock in a Form 4 filing with the Securities and Exchange Commission.
The filing shows Reynolds bought 1,500 shares on March 19, 2026, at $13.04 per share and followed up with a second purchase of 4,809 shares on March 20, 2026, at a weighted average price of $13.26. The combined acquisitions total 6,309 shares with an aggregate cost of approximately $83,327, and executed prices ranged from $13.04 to $13.26.
After these transactions, Reynolds' reported holdings include 1,481,270 shares owned directly, an additional 437,147 shares held indirectly through his children, and 7,176 shares attributed to a 401(k) account.
Market context included with the filing notes that ESOA shares have risen sharply this year, up 63% year-to-date, and are trading near $13.32 with a market capitalization of about $248 million. The stock has also posted a 33% gain over the last six months.
Separately, third-party analysis from InvestingPro is cited in the filing materials as indicating that ESOA currently appears overvalued relative to its Fair Value. The same analysis is said to offer additional ProTips on the company, including commentary on earnings multiples and profit margins.
Several corporate-finance developments were disclosed contemporaneously:
- Energy Services of America declared a quarterly cash dividend of $0.03 per common share, payable on April 15, 2026, to shareholders of record as of March 31, 2026.
- The company completed the sale of 261,000 additional shares at $11.50 apiece after its underwriter exercised an overallotment option, generating roughly $2.8 million in proceeds from that tranche.
- This additional sale followed an earlier underwritten public offering of 1.74 million shares priced at $11.50 per share, an offering that could produce up to $23 million if the underwriter’s option is fully exercised.
- Energy Services of America also updated its investor relations slide deck and posted the revised presentation on its website; the filing did not disclose the precise nature of the changes.
The company is based in Huntington, West Virginia, and operates in the construction segment, focusing on water, sewer, pipeline, communication, and power lines. The recent insider purchases, the completion of the overallotment sale, the pending proceeds from the public offering, the dividend declaration, and the investor relations update together provide a snapshot of the company’s current engagement with capital markets and shareholders.
These items were reflected in the SEC filing detailing Reynolds’ purchases and the company announcements referenced therein. Where third-party valuation work is cited, it is presented as the assessment reported in the filing.