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

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

Enservco Price Performance

Enservco stock opened at $0.21 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 3.70. The company has a market cap of $5.54 million, a PE ratio of -0.50 and a beta of 1.00. Enservco has a twelve month low of $0.17 and a twelve month high of $0.50.

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

Institutional Investors Weigh In On Enservco

A hedge fund recently raised its stake in Enservco stock. United Asset Strategies Inc. increased its position in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% in the third quarter, according to 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 buying an additional 35,170 shares during the quarter. United Asset Strategies Inc. owned 0.36% of Enservco worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 25.58% of the stock is currently owned by hedge funds and other 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.