Enservco Corp (ENSV) Upgraded to Sell by ValuEngine

Enservco Corp (NYSEMKT:ENSV) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Shares of Enservco Corp (ENSV) opened at 0.43 on Tuesday. Enservco Corp has a 52-week low of $0.21 and a 52-week high of $0.79. The company’s 50-day moving average price is $0.35 and its 200-day moving average price is $0.37. The firm’s market capitalization is $21.96 million.

Enservco Corp (NYSEMKT:ENSV) last posted its quarterly earnings results on Monday, August 14th. The oil and gas producer reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Enservco Corp had a net margin of 0.37% and a return on equity of 1.39%. The firm had revenue of $7.11 million during the quarter. On average, equities research analysts expect that Enservco Corp will post ($0.10) EPS for the current fiscal year.

WARNING: “[[title]]” was first posted by [[site]] and is owned by of [[site]]. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at [[permalink]].

In other Enservco Corp news, Director Cross River Capital Management acquired 183,782 shares of Enservco Corp stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average cost of $0.39 per share, for a total transaction of $71,674.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 1,086,582 shares of company stock valued at $354,201 over the last quarter.

A hedge fund recently raised its stake in Enservco Corp stock. K.J. Harrison & Partners Inc boosted its stake in Enservco Corp (NYSEMKT:ENSV) by 77.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,248,704 shares of the oil and gas producer’s stock after buying an additional 545,011 shares during the period. K.J. Harrison & Partners Inc owned about 2.45% of Enservco Corp worth $418,000 at the end of the most recent reporting period.

About Enservco Corp

Enservco Corporation provides well and fluid management services to the domestic onshore oil and natural gas industry. The Company’s services include frac water heating, hot oiling and acidizing (well enhancement services), and water transfer, water treatment, water hauling, fluid disposal, frac tank rental (fluid management services) and other general oilfield services.