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

StockNews.com assumed coverage on shares of Enservco (NYSEAMERICAN:ENSV) in a research note published on Friday. The firm issued a sell rating on the oil and gas producer’s stock.

Enservco Trading Down 4.9 %

ENSV opened at $0.23 on Friday. 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 1 year low of $0.17 and a 1 year high of $0.50.

Enservco (NYSEAMERICAN:ENSV) last announced its quarterly earnings results on Friday, March 29th. The oil and gas producer reported ($0.07) EPS for the quarter. The company had revenue of $6.48 million during the quarter. Enservco had a negative net margin of 38.61% and a negative return on equity of 513.69%.

Institutional Trading of Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. grew its holdings in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the third quarter, according to the company in its most recent Form 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 about 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.

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.