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

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

Enservco Stock Up 4.7 %

Enservco stock opened at $0.22 on Wednesday. Enservco has a 12-month low of $0.17 and a 12-month high of $0.50. The stock has a market cap of $5.91 million, a price-to-earnings ratio of -0.54 and a beta of 1.00. 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 released 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 during the quarter.

Institutional Investors Weigh In On Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. boosted its holdings in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 82,625 shares of the oil and gas producer’s stock after buying an additional 35,170 shares during the period. United Asset Strategies Inc. owned approximately 0.36% of Enservco worth $31,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 25.58% of the company’s stock.

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.