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

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

Enservco Stock Up 7.5 %

Shares of ENSV opened at $0.28 on Friday. 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 has a twelve month low of $0.17 and a twelve month high of $0.50. The stock has a market cap of $7.55 million, a PE ratio of -0.69 and a beta of 1.04. The firm’s fifty day moving average price is $0.35.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. United Asset Strategies Inc. lifted its position in Enservco by 74.1% during the 3rd quarter. United Asset Strategies Inc. now owns 82,625 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 35,170 shares during the period. Renaissance Technologies LLC purchased a new position in Enservco during the 4th quarter valued at about $32,000. Susquehanna International Group LLP lifted its position in Enservco by 220.6% during the 1st quarter. Susquehanna International Group LLP now owns 71,176 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 48,976 shares during the period. Jane Street Group LLC purchased a new position in Enservco in the first quarter worth about $46,000. Finally, Northern Trust Corp purchased a new position in Enservco in the first quarter worth about $51,000. 25.58% of the stock is currently owned by institutional investors.

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.