Enservco (NYSEAMERICAN:ENSV) Research Coverage Started at StockNews.com

Posted by Patrick Bannon on Apr 17th, 2024

StockNews.com started coverage on shares of Enservco (NYSEAMERICAN:ENSV – Free Report) in a research note issued to investors on Sunday morning. The brokerage issued a sell rating on the oil and gas producer’s stock.

Enservco Price Performance

Shares of NYSEAMERICAN ENSV opened at $0.28 on Friday. Enservco has a 1 year low of $0.17 and a 1 year high of $0.55. The stock has a market capitalization of $7.62 million, a PE ratio of -0.69 and a beta of 1.04. The company’s 50-day moving average is $0.35. 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 (NYSEAMERICAN:ENSV – Get Free Report) last posted 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 net margin of 38.61% and a negative return on equity of 513.69%. The firm had revenue of $6.48 million for the quarter.

Institutional Investors Weigh In On Enservco

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Enservco during the first quarter valued at $46,000. Northern Trust Corp purchased a new stake in Enservco during the 1st quarter valued at about $51,000. Renaissance Technologies LLC bought a new stake in Enservco during the 4th quarter valued at about $32,000. State Street Corp purchased a new position in Enservco in the first quarter worth about $76,000. Finally, United Asset Strategies Inc. lifted its stake in shares of Enservco by 74.1% in the third quarter. United Asset Strategies Inc. now owns 82,625 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 35,170 shares in the last quarter. Institutional investors own 25.58% of the company’s stock.

Enservco Company Profile

(Get Free Report)

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.