Enservco Corp (ENSV) Posts Quarterly Results
Enservco Corp (NASDAQ:ENSV) announced its earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, AmericanBankingNews.com reports.
Shares of Enservco Corp (NASDAQ:ENSV) traded up 4.46% during mid-day trading on Monday, hitting $3.28. The stock had a trading volume of 39,320 shares. Enservco Corp has a 52-week low of $1.17 and a 52-week high of $3.84. The stock’s 50-day moving average is $2.95 and its 200-day moving average is $2.56. The company has a market cap of $119.9 million and a price-to-earnings ratio of 25.12.
A number of analysts have recently weighed in on ENSV shares. Analysts at EuroPacific Canada raised their price target on shares of Enservco Corp from $3.60 to $3.70 in a research note on Tuesday, July 15th. On a related note, analysts at Wells Fargo & Co. initiated coverage on shares of Enservco Corp in a research note on Tuesday, July 15th. They set an “outperform” rating on the stock. Finally, analysts at William Blair initiated coverage on shares of Enservco Corp in a research note on Tuesday, July 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $3.70.
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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