Enservco (NYSEAMERICAN:ENSV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Enservco (NYSEAMERICAN:ENSV) in a report released on Thursday morning. The brokerage issued a sell rating on the oil and gas producer’s stock.

Enservco Stock Down 6.4 %

Enservco stock opened at $0.21 on Thursday. The stock has a market cap of $5.54 million, a price-to-earnings ratio of -0.50 and a beta of 1.00. Enservco has a 12-month low of $0.17 and a 12-month high of $0.50. 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 (NYSEAMERICAN:ENSV) last issued its quarterly earnings results on Friday, March 29th. The oil and gas producer reported ($0.07) earnings per share for the quarter. The business had revenue of $6.48 million for 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 shares of Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and 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. 25.58% of the stock is owned by hedge funds and other 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.