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Enservco Corp (NASDAQ:ENSV) shares saw unusually-strong trading volume on Tuesday after EuroPacific Canada raised their price target on the stock from $3.60 to $3.70, ARN reports. Approximately 424,310 shares traded hands during trading, an increase of 97% from the previous session’s volume of 215,933 shares.The stock last traded at $2.84 and had previously closed at $2.58.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Enservco Corp in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at William Blair initiated coverage on shares of Enservco Corp in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Casimir Capital downgraded shares of Enservco Corp from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Enservco Corp presently has an average rating of “Buy” and a consensus target price of $3.70.

The stock’s 50-day moving average is $2.79 and its 200-day moving average is $2.40. The company has a market cap of $108.2 million and a P/E ratio of 20.64.

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. On average, analysts predict that Enservco Corp will post $0.16 earnings per share for the current fiscal year.

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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