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

Equities research analysts at StockNews.com started 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 Stock Performance

NYSEAMERICAN ENSV opened at $0.25 on Friday. Enservco has a twelve month low of $0.17 and a twelve month high of $0.50. The stock has a market cap of $6.73 million, a P/E ratio of -0.61 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 (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. Enservco had a negative return on equity of 513.69% and a negative net margin of 38.61%. The business had revenue of $6.48 million for the quarter.

Institutional Investors Weigh In On Enservco

A hedge fund recently raised its stake in Enservco stock. United Asset Strategies Inc. grew its position in shares of Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,625 shares of the oil and gas producer’s stock after acquiring 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 quarter. Institutional investors 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.