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Analysts at Eurobank EFG initiated coverage on shares of Enservco Corp (NASDAQ:ENSV) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the stock.

Shares of Enservco Corp (NASDAQ:ENSV) traded down 3.67% on Monday, hitting $2.89. 317,088 shares of the company’s stock traded hands. Enservco Corp has a 52-week low of $0.88 and a 52-week high of $3.12. The stock has a 50-day moving average of $2.43 and a 200-day moving average of $2.16. The company has a market cap of $105.6 million and a price-to-earnings ratio of 24.00.

Enservco Corp (NASDAQ:ENSV) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.02. Analysts expect that Enservco Corp will post $0.25 EPS for the current fiscal year.

ENSV has been the subject of a number of other recent research reports. Analysts at EuroPacific Canada initiated coverage on shares of Enservco Corp in a research note on Monday. They set a “buy” rating and a $3.60 price target on the stock. Analysts at TheStreet upgraded shares of Enservco Corp from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

Enservco Corporation primarily conducts its business operations through two subsidiaries, Dillco Fluid Service, Inc (NASDAQ:ENSV), and Heat Waves Hot Oil Services LLC (Heat Waves), which provides oil field services to the domestic onshore oil and natural gas industry.

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