Enservco Corp (ENSV) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its holdings in shares of Enservco Corp (NYSEAMERICAN:ENSV) by 744.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 290,294 shares of the oil and gas producer’s stock after acquiring an additional 255,931 shares during the period. Acadian Asset Management LLC’s holdings in Enservco were worth $337,000 at the end of the most recent quarter.

Separately, Ascendiant Capital Markets assumed coverage on Enservco in a research note on Thursday, April 26th. They set a “buy” rating and a $2.00 price target on the stock.

Shares of ENSV stock opened at $0.86 on Wednesday. Enservco Corp has a fifty-two week low of $0.31 and a fifty-two week high of $1.50.

Enservco (NYSEAMERICAN:ENSV) last issued its earnings results on Tuesday, August 14th. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02). Enservco had a negative net margin of 43.71% and a negative return on equity of 89.94%.

Enservco Profile

Enservco Corporation, through its subsidiaries, provides oil field services to the onshore oil and natural gas industry in the United States. The company operates through Well Enhancement Services, Water Transfer Services, Water Hauling Services, and Construction Services segments. It offers frac water heating, hot oiling, pressure testing, acidizing, water transfer, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services.

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