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

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

Enservco Stock Performance

Enservco stock opened at $0.29 on Monday. The business’s 50 day moving average is $0.35. The firm has a market cap of $7.80 million, a price-to-earnings ratio of -0.71 and a beta of 1.04. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 3.70. Enservco has a one year low of $0.17 and a one year high of $0.58.

Enservco (NYSEAMERICAN:ENSV) last released its quarterly earnings results on Friday, March 29th. The oil and gas producer reported ($0.07) EPS for the quarter. Enservco had a negative return on equity of 369.83% and a negative net margin of 37.49%. The company had revenue of $6.48 million for the quarter.

Institutional Investors Weigh In On Enservco

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Enservco during the 1st quarter worth $46,000. Northern Trust Corp bought a new position in Enservco during the 1st quarter worth $51,000. Renaissance Technologies LLC bought a new position in Enservco during the 4th quarter worth $32,000. State Street Corp acquired a new position in Enservco during the 1st quarter worth $76,000. Finally, United Asset Strategies Inc. boosted its position in Enservco by 74.1% during the 3rd quarter. United Asset Strategies Inc. now owns 82,625 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 35,170 shares during the period. 25.58% of the stock is currently owned by institutional investors.

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.