Enservco Corp Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:ENSV)
Enservco Corp (NASDAQ:ENSV) has earned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, American Banking News reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.35.
A number of analysts have recently weighed in on ENSV shares. Analysts at Maxim Group initiated coverage on shares of Enservco Corp in a research note on Wednesday. They set a “buy” rating and a $15.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Enservco Corp (NASDAQ:ENSV) traded up 7.39% on Thursday, hitting $3.3399. The stock had a trading volume of 173,778 shares. 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 $123.1 million and a P/E ratio of 33.44.
Enservco Corp (NASDAQ:ENSV) last announced its earnings results on Monday, August 11th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.01. On average, analysts predict that Enservco Corp will post $0.15 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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