Enservco (NYSEAMERICAN:ENSV) Earns Sell Rating from Analysts at StockNews.com

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

Enservco Trading Down 6.7 %

Shares of NYSEAMERICAN:ENSV opened at $0.26 on Friday. Enservco has a 12-month low of $0.17 and a 12-month high of $0.50. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 3.70. The company has a market capitalization of $7.05 million, a price-to-earnings ratio of -0.64 and a beta of 1.04. The stock has a fifty day moving average of $0.35.

Enservco (NYSEAMERICAN:ENSV) last posted 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 during the quarter. Enservco had a negative return on equity of 513.69% and a negative net margin of 38.61%.

Institutional Investors Weigh In On Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. increased its holdings in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.36% of Enservco worth $31,000 at the end of the most recent reporting period. 25.58% of the stock is owned by institutional investors.

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.