Enservco (NYSEAMERICAN:ENSV) Coverage Initiated by Analysts at StockNews.com

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

Enservco Trading Up 9.3 %

ENSV stock opened at $0.29 on Friday. The stock has a market capitalization of $7.99 million, a price-to-earnings ratio of -0.93 and a beta of 1.00. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.54 and a quick ratio of 0.52. Enservco has a 12 month low of $0.17 and a 12 month high of $0.50.

Enservco (NYSEAMERICAN:ENSV) last announced its quarterly earnings results on Wednesday, May 15th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $9.79 million during the quarter. Enservco had a negative net margin of 29.53% and a negative return on equity of 1,992.06%.

Institutional Investors Weigh In On 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% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 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.