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

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

Enservco Trading Up 7.5 %

NYSEAMERICAN ENSV opened at $0.28 on Friday. Enservco has a 12 month low of $0.17 and a 12 month high of $0.50. The firm has a 50-day moving average of $0.35. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 3.70. The company has a market capitalization of $7.55 million, a P/E ratio of -0.69 and a beta of 1.04.

Enservco (NYSEAMERICAN:ENSV) last posted its 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 return on equity of 513.69% and a negative net margin of 38.61%. The company had revenue of $6.48 million for the quarter.

Institutional Trading of Enservco

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Enservco during the 1st quarter worth approximately $46,000. Northern Trust Corp bought a new stake in shares of Enservco during the first quarter worth $51,000. Renaissance Technologies LLC acquired a new stake in shares of Enservco during the fourth quarter worth $32,000. State Street Corp bought a new stake in Enservco in the 1st quarter valued at $76,000. Finally, United Asset Strategies Inc. lifted its position in Enservco by 74.1% in the 3rd quarter. United Asset Strategies Inc. now owns 82,625 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 35,170 shares in the last quarter. 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.