Maxim Group Begins Coverage on Enservco Corp (ENSV)
Maxim Group assumed coverage on shares of Enservco Corp (NASDAQ:ENSV) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Enservco Corp (NASDAQ:ENSV) traded up 1.30% during mid-day trading on Wednesday, hitting $3.11. 90,327 shares of the company’s stock traded hands. Enservco Corp has a 52 week low of $1.17 and a 52 week high of $3.84. The stock has a 50-day moving average of $3.17 and a 200-day moving average of $2.67. The company has a market cap of $114.6 million and a P/E ratio of 33.01.
Enservco Corp (NASDAQ:ENSV) last released its earnings data on Monday, August 11th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.01. Analysts expect that Enservco Corp will post $0.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barrington Research initiated coverage on shares of Enservco Corp in a research note on Monday, August 25th. They set an “outperform” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Enservco Corp currently has a consensus rating of “Buy” and an average target price 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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