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

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

Enservco Stock Performance

ENSV opened at $0.21 on Thursday. Enservco has a twelve month low of $0.17 and a twelve month high of $0.50. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.57 and a quick ratio of 0.55. The company has a market capitalization of $5.54 million, a P/E ratio of -0.50 and a beta of 1.00.

Enservco (NYSEAMERICAN:ENSV) last issued its quarterly earnings data 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 firm had revenue of $6.48 million during the quarter.

Institutional Trading of Enservco

A hedge fund recently raised its stake in Enservco stock. United Asset Strategies Inc. grew its stake in shares of Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the third quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC. 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.