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

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

Enservco Trading Up 9.3 %

Shares of Enservco stock opened at $0.29 on Friday. The stock has a market cap 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 quick ratio of 0.52 and a current ratio of 0.54. Enservco has a 12-month low of $0.17 and a 12-month high of $0.50.

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

Institutional Trading of Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. boosted its stake in 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 (SEC). 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 quarter. 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.