Enservco (NYSEAMERICAN:ENSV) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Enservco (NYSEAMERICAN:ENSV) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the oil and gas producer’s stock.

Enservco Stock Performance

Shares of NYSEAMERICAN ENSV opened at $0.23 on Friday. The company has a market capitalization of $6.18 million, a PE ratio of -0.56 and a beta of 1.04. Enservco has a 52-week low of $0.17 and a 52-week high of $0.50. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.55 and a current ratio of 0.57.

Enservco (NYSEAMERICAN:ENSV) last issued its quarterly earnings results on Friday, March 29th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $6.48 million during the quarter. Enservco had a negative return on equity of 513.69% and a negative net margin of 38.61%.

Institutional Trading of Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. increased its stake in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,625 shares of the oil and gas producer’s stock after acquiring an additional 35,170 shares during the quarter. United Asset Strategies Inc. owned 0.36% of Enservco worth $31,000 at the end of the most recent reporting period. Institutional investors own 25.58% of the company’s stock.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry. It offers hot oiling and acidizing, frac water heating, pressure testing, acidizing, and water hauling services, as well as well site construction services.