Enservco (NYSEAMERICAN:ENSV) Now Covered by StockNews.com

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

Enservco Stock Performance

Shares of Enservco stock opened at $0.21 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $5.70 million, a price-to-earnings ratio of -0.52 and a beta of 1.00. Enservco has a 1 year low of $0.17 and a 1 year high of $0.50.

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

Hedge Funds Weigh In On Enservco

An institutional investor recently raised its position in Enservco stock. United Asset Strategies Inc. grew its position in shares of Enservco Co. (NYSEAMERICAN:ENSV) by 74.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,625 shares of the oil and gas producer’s stock after buying an additional 35,170 shares during the period. United Asset Strategies Inc. owned approximately 0.36% of Enservco worth $31,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 25.58% of the company’s stock.

About Enservco

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.