Enservco (NYSEAMERICAN:ENSV) Coverage Initiated by Analysts at StockNews.com

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

Enservco Price Performance

NYSEAMERICAN ENSV opened at $0.22 on Thursday. 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 has a 52-week low of $0.17 and a 52-week high of $0.50. The stock has a market cap of $5.86 million, a P/E ratio of -0.53 and a beta of 1.04.

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

Institutional Trading of Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. raised its holdings in 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 purchasing an additional 35,170 shares during the period. United Asset Strategies Inc. owned about 0.36% of Enservco worth $31,000 as of its most recent SEC filing. 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.