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

Posted by on Jul 31st, 2023

Analysts at StockNews.com initiated coverage on shares of Enservco (NYSEAMERICAN:ENSV – Get Free Report) in a research note issued on Saturday. The firm set a “sell” rating on the oil and gas producer’s stock.

Enservco Trading Up 4.9 %

ENSV opened at $0.39 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.31. The stock has a market cap of $7.05 million, a PE ratio of -0.48 and a beta of 1.47. The business has a 50 day moving average of $0.37 and a 200-day moving average of $0.67. Enservco has a 52 week low of $0.28 and a 52 week high of $3.22.

Enservco (NYSEAMERICAN:ENSV – Get Free Report) last released its quarterly earnings data on Monday, May 15th. The oil and gas producer reported ($0.07) earnings per share for the quarter. The firm had revenue of $8.91 million for the quarter. Enservco had a negative net margin of 44.23% and a negative return on equity of 299.37%.

Institutional Investors Weigh In On Enservco

A number of hedge funds have recently added to or reduced their stakes in ENSV. Corsair Capital Management L.P. purchased a new stake in Enservco during the first quarter valued at $427,000. CVI Holdings LLC purchased a new position in shares of Enservco in the first quarter worth approximately $334,000. Renaissance Technologies LLC grew its position in Enservco by 852.8% during the first 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 period. Vanguard Group Inc. increased its holdings in Enservco by 118.7% during the first quarter. Vanguard Group Inc. now owns 181,709 shares of the oil and gas producer’s stock valued at $491,000 after buying an additional 98,620 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Enservco in the first quarter worth approximately $257,000. 29.09% of the stock is currently owned by hedge funds and other institutional investors.

About Enservco

(Get Free Report)

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.

See Also

Receive News & Ratings for Enservco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enservco and related companies with MarketBeat.com's FREE daily email newsletter.