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

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

Enservco Stock Performance

Shares of NYSEAMERICAN:ENSV opened at $0.25 on Friday. Enservco has a twelve month low of $0.17 and a twelve month high of $0.50. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.55 and a current ratio of 0.57. The company has a market capitalization of $6.73 million, a P/E ratio of -0.61 and a beta of 1.04.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. raised its position in Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 82,625 shares of the oil and gas producer’s stock after purchasing an additional 35,170 shares during the period. United Asset Strategies Inc. owned 0.36% of Enservco worth $31,000 at the end of the most recent quarter. 25.58% of the stock is currently owned by hedge funds and other institutional investors.

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.