Enservco (NYSEAMERICAN:ENSV) Now Covered by StockNews.com

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

Enservco Stock Performance

ENSV stock opened at $0.21 on Wednesday. The firm has a market cap of $5.64 million, a PE ratio of -0.51 and a beta of 1.00. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.57 and a quick ratio of 0.55. Enservco has a 52 week low of $0.17 and a 52 week high of $0.50.

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. 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. grew its stake in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,625 shares of the oil and gas producer’s stock after purchasing an additional 35,170 shares during the quarter. United Asset Strategies Inc. owned approximately 0.36% of Enservco worth $31,000 as of its most recent filing with the SEC. 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.