Enservco (NYSEAMERICAN:ENSV) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Enservco (NYSEAMERICAN:ENSV) in a research note published on Thursday. The brokerage issued a sell rating on the oil and gas producer’s stock.

Enservco Stock Down 6.4 %

Shares of ENSV opened at $0.21 on Thursday. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.57 and a quick ratio of 0.55. The firm has a market capitalization of $5.54 million, a price-to-earnings ratio of -0.50 and a beta of 1.00. Enservco has a 52-week low of $0.17 and a 52-week high of $0.50.

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

Institutional Trading of Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. boosted its holdings in shares of Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,625 shares of the oil and gas producer’s stock after buying an additional 35,170 shares during the quarter. United Asset Strategies Inc. owned 0.36% of Enservco worth $31,000 as of its most recent SEC filing. Institutional investors and hedge funds own 25.58% of the company’s stock.

About Enservco

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.