StockNews.com Initiates Coverage on Enservco (NYSEAMERICAN:ENSV)

Analysts at StockNews.com initiated coverage on shares of Enservco (NYSEAMERICAN:ENSV) in a research note issued on Friday. The brokerage set a “sell” rating on the oil and gas producer’s stock.

Enservco Price Performance

Enservco stock 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. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 3.70. Enservco has a fifty-two week low of $0.17 and a fifty-two week high of $0.50.

Enservco (NYSEAMERICAN:ENSV) last released its earnings results on Friday, March 29th. The oil and gas producer reported ($0.07) earnings per share 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

A hedge fund recently raised its stake in Enservco stock. United Asset Strategies Inc. lifted its position in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. 25.58% of the stock is owned by institutional investors.

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.