StockNews.com Begins Coverage on Enservco (NYSEAMERICAN:ENSV)

Analysts at StockNews.com started coverage on shares of Enservco (NYSEAMERICAN:ENSV) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the oil and gas producer’s stock.

Enservco Stock Performance

Enservco stock opened at $0.31 on Friday. The stock’s fifty day simple moving average is $0.35. The firm has a market cap of $8.33 million, a PE ratio of -0.76 and a beta of 1.04. Enservco has a 52 week low of $0.17 and a 52 week high of $0.58. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.57 and a quick ratio of 0.55.

Enservco (NYSEAMERICAN:ENSV) last released its quarterly earnings results on Friday, March 29th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $6.48 million for the quarter. Enservco had a negative net margin of 38.61% and a negative return on equity of 513.69%.

Institutional Trading of Enservco

Several hedge funds have recently modified their holdings of the stock. United Asset Strategies Inc. raised its holdings in Enservco by 74.1% during the third quarter. United Asset Strategies Inc. now owns 82,625 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 35,170 shares during the last quarter. CVI Holdings LLC purchased a new position in Enservco in the first quarter valued at approximately $334,000. Susquehanna International Group LLP raised its stake in shares of Enservco by 220.6% in the first quarter. Susquehanna International Group LLP now owns 71,176 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 48,976 shares during the period. Renaissance Technologies LLC lifted its position in shares of Enservco by 852.8% during the 1st quarter. Renaissance Technologies LLC now owns 184,852 shares of the oil and gas producer’s stock valued at $88,000 after buying an additional 165,452 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of Enservco by 87.8% during the 1st quarter. Virtu Financial LLC now owns 88,437 shares of the oil and gas producer’s stock worth $239,000 after acquiring an additional 41,346 shares during the period. Institutional investors own 25.58% of the company’s stock.

Enservco Company Profile

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry. It offers hot oiling and acidizing, frac water heating, pressure testing, acidizing, and water hauling services, as well as well site construction services.