Enservco (NYSEAMERICAN:ENSV) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Enservco (NYSEAMERICAN:ENSV – Get Rating) in a report published on Monday. The brokerage issued a sell rating on the oil and gas producer’s stock.

Enservco Trading Down 8.0 %

Shares of NYSEAMERICAN:ENSV opened at $0.36 on Monday. The company has a market cap of $6.50 million, a P/E ratio of -0.75 and a beta of 1.53. The stock’s 50-day moving average is $0.45 and its 200-day moving average is $1.22. Enservco has a 52-week low of $0.30 and a 52-week high of $3.40. The company has a debt-to-equity ratio of 6.02, a quick ratio of 0.55 and a current ratio of 0.58.

Enservco (NYSEAMERICAN:ENSV – Get Rating) last issued its quarterly earnings results on Friday, March 31st. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $6.50 million during the quarter. Enservco had a negative net margin of 25.76% and a negative return on equity of 129.30%.

Institutional Investors Weigh In On Enservco

A number of institutional investors have recently added to or reduced their stakes in the company. CVI Holdings LLC acquired a new stake in Enservco during the first quarter worth about $334,000. Susquehanna International Group LLP boosted its holdings in Enservco by 220.6% during 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 purchasing an additional 48,976 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 165,452 shares in the last quarter. Corsair Capital Management L.P. acquired a new stake in Enservco during the first quarter valued at approximately $427,000. Finally, Virtu Financial LLC boosted its holdings in Enservco by 87.8% during the first quarter. Virtu Financial LLC now owns 88,437 shares of the oil and gas producer’s stock valued at $239,000 after purchasing an additional 41,346 shares in the last quarter. 8.14% of the stock is owned by institutional investors and hedge funds.

Enservco Company Profile

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Enservco Corp. engages in the provision of services to the domestic onshore oil and natural gas industry. It operates through the Production Services and the Completion and Other Services segments. The Production Services segment includes hot oiling services, acidizing, and pressure testing. The Completion and Other Services segment focuses on frac water heating and other services.