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Tag: Enservco Corp.

  • Enservco Corp. (ENSV) stock Continued its Bullish Roll After Hours. Any Reasons?

    Enservco Corp. (ENSV) stock Continued its Bullish Roll After Hours. Any Reasons?

    On March 04, 2022, Enservco Corp. (ENSV) stock remained bullish throughout the day, as it continued to gain in the after-hours as well. The company has not announced any official news or filed any documents with the SEC, recently. But the Russia-Ukraine conflict has pushed the oil and energy prices to near-record highs.

    ENSV stock increased by a good 18.42% during the regular trading session on Friday. The day’s volume remained active at 238% of the average as 3.33 million shares were trading hands. After closing the session in the green at $1.35, ENSV continued to rise in the after-hours as well. The stock was able to add a further 16.30% in the after-hours session with 828.68K shares exchanging hands. Hence, the stock was trading at a value of $1.57 in the after-hours on Friday.

    Source: iStock

    The domestic onshore oil and natural gas industry services provider, Enservco Corp. was founded in 1980..

    ENSV Stock Movements

    ENSV stock has been on a bullish roll for a good while now. The stock has been in a continued uptrend with occasional profit booking events since as long as February 22, 2022. In the trading session before February 22, the stock had plunged down to its 52-week low of $0.5500. Opening the following session just above the low at $0.5540, ENSV has since been going up. Since the last news from the company were its Q3 financials back in November and the latest SEC filing on March 2, the stock seems to be moving due to external factors. Firstly, the ongoing Russia-Ukraine conflict is one reason, as the conflict has caused a hike in energy prices, making oil prices reach their near-record high. Secondly, the new low in the stock price also provided a good buying opportunity to the investors as the energy market is expected to go up. Thus, the stock entered an uptrend on February 22 which has continued so far with a few hiccups due to profit booking and corrections here and there.

    After gaining so much over more than a week, ENSV stock was bound to fall under corrections. So, the stock succumbed to corrections on March 03. Following this, the stock rebounded to resume its bullish roll on Friday once again as oil prices hiked.

    Q3 Financial Highlights

    In Q3 2021, ENSV had a net loss of $0.02 per share ($0.2 million) on revenue of $3.0 million. Comparatively, the company had a net income of $2.15 per share ($8.4 million) on revenue of $1.8 million in Q3 2021. Q3 2021’s revenue increased by 72$ YOY.

    Moreover, the adjusted EBITDA was $(1.5) million in Q3 2021, against $(1.7) million in the prior-year period.

  • Enservco Corp. (ENSV) Stock Soaring High in Early Trading, What’s Going on.

    Enservco Corp. (ENSV) Stock Soaring High in Early Trading, What’s Going on.

    Enservco Corp. (ENSV) is the provider of well enhancement services along with fluid management to the on-shore oil business. The company operates through its various subsidiaries. The company is engaged in providing a wide range of oilfield facilities, including acidizing, hot oiling, and frac water heating. It also provides fluid disposal services, saltwater hauling, and well-site construction. The company covers seven main domestic oil and gas basins as it has a wide-ranging geographic footprint. It owns a fleet of 338 specified trucks and trailers.

    The price of ENSV stock during regular trading on February 24, 2022, was last checked to be $1.08 with a gain of 29.8%.

    ENSV: Key Financials

    On November 15, 2021, ENSV released its fourth-quarter financial outcomes for the quarter ended September 30, 2020. Some of the main highlights are mentioned below.

    Revenue

    Total revenues in the third quarter of 2021 were recorded to be $3.02 million corresponding to $1.76 million in the same quarter of the year-ago period. The company observed an increase of $1.26 million in its revenue year-over-year. Also, the company missed the analysts’ estimated revenue target by -$265 thousand.

    EPS

    Basic and diluted net loss for the third quarter of 2020 was $0.17 million or $0.02 per share against net income of $8.4 million or $2.15 per share in the same quarter in 2020. The company’s EPS decreased remarkably over the year. Also, the company topped the analysts’ estimated EPS target by $0.07.

    Conclusion

    ENSV stock downplayed by 53% over the past year. The company’s financials reveal that it is working hard to overcome the impact of the pandemic. The recent early trading boom in the stock price of the company is likely associated with the current Russia-Ukraine clash. As a result of the worsening situation between the two countries, the per-barrel oil price is increasing. The current per-barrel oil price stands approximately at $100. The company’s stock is highly volatile as observed in the current trading. For the fourth quarter 2021, the revenue guidance of the company is $6.79 million against EPS of -$0.13.