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

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

Enservco Trading Down 4.6 %

Shares of ENSV opened at $0.23 on Friday. Enservco has a 1-year low of $0.17 and a 1-year high of $0.50. The stock has a market cap of $6.18 million, a price-to-earnings ratio of -0.56 and a beta of 1.04. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 3.70.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Enservco stock. United Asset Strategies Inc. lifted its holdings in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the third quarter, according to its most recent disclosure 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 period. United Asset Strategies Inc. owned approximately 0.36% of Enservco worth $31,000 at the end of the most recent reporting period. 25.58% of the stock is currently owned by institutional investors and hedge funds.

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.