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

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

Enservco Stock Performance

Enservco stock opened at $0.36 on Monday. The firm has a market capitalization of $6.50 million, a P/E ratio of -0.75 and a beta of 1.53. The stock has a fifty day moving average price of $0.45 and a 200 day moving average price of $1.22. Enservco has a 52 week low of $0.30 and a 52 week high of $3.40. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 6.02.

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

Institutional Investors Weigh In On Enservco

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Enservco during the fourth quarter valued at about $32,000. Susquehanna International Group LLP grew its position 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 acquiring an additional 48,976 shares during the period. Jane Street Group LLC purchased a new stake in shares of Enservco in the first quarter worth about $46,000. Northern Trust Corp purchased a new stake in shares of Enservco in the first quarter worth about $51,000. Finally, State Street Corp purchased a new stake in shares of Enservco in the first quarter worth about $76,000. Hedge funds and other institutional investors own 8.14% of the company’s stock.

About Enservco

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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.