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Tag: Enservco Stock

  • Up’s and downs of Oil sector

    Up’s and downs of Oil sector

    As the market pondered the possibility of strengthening New York and London restrictions before a readily accessible vaccine, oil prices increased.

    Since switching earlier between losses and gains, futures ended at a nine-month high. The U.S. began distributing the Covid-19 vaccine and national immunization initiatives in other countries, offering a roadmap for stabilizing oil demand.

    However, price gains remain minimal as reopening plans across the globe are affected by the virus’s spread. In the middle of a new strain of the epidemic, London is growing pandemic controls this week while New York City’s mayor said people should be prepared for a complete lockdown. The Association of Petroleum Exporting Countries, meanwhile, cut forecasts for global fuel demand by 1 million barrels a day in the first quarter of 2021.

    GasLog Partners LP (NYSE:GLOP) shares were trading up 31.18% at $3.45 at the time of writing on Monday.

    GasLog Partners LP (NYSE:GLOP) share price went from a low point around $1.51 to briefly over $16.20 in past 52 weeks, though shares have since pulled back to $3.45. GLOP market cap has remained high, hitting $177.88M at the time of writing, giving it price-to-sales ratio of more than 0.

    If we look at the recent analyst rating GLOP, BTIG Research downgraded coverage on GLOP shares with a Neutral rating and a $3.28 price target, which implies room for -0.17% downside momentum this year.

    Mid-Con Energy Partners LP (MCEP) last closed at $3.78, in a 52-week range of $1.14 to $8.70.

    SandRidge Energy Inc. (SD) stock soar by 10.61% to $3.44 after reporting that it has entered into a definitive agreement for the sale of its North Park Basin assets. The most recent rating by Seaport Global Securities, on June 21, 2017, is at a Neutral.

    Enservco Corporation (AMEX:ENSV) Shares headed rising, higher as much as 5.73%. The most recent rating by Northland Capital, on November 13, 2015, is at an Outperform.

    Renewable Energy Group Inc. (NASDAQ:REGI) rose 4.31% after gaining more than $2.68 on Monday. The company on December 3, 2020 declared changes to the organizational construct of its senior leadership team intended to accelerate the company’s performance as a leader in a rapidly growing industry.

    U.S. Well Services Inc. (USWS) last closed at $0.48, in a 52-week range of $0.23 to $2.02.

    NOW Inc. (DNOW) stock soar by 2.38% to $6.45. The firm has scheduled a conference call to discuss fourth quarter and full-year 2020 earnings on Wednesday, February 17, 2021 at 8:00 am (US Central Time). The most recent rating by Stephens, on October 16, 2020, is at an Equal-weight.

    Ultrapar Participacoes S.A. (NYSE:UGP) Shares headed rising, higher as much as 2.21%. The most recent rating by Morgan Stanley, on June 02, 2020, is at an Overweight.

    ChampionX Corporation (NYSE:CHX) rose 1.08% after gaining more than $0.15 on Monday following the announcement of early tender offer results and extension of early tender premium.

    Oceaneering International Inc. (OII) last closed at $8.25, in a 52-week range of $2.01 to $15.99. Analysts have a consensus price target of $7.48.

    Euronav NV (EURN) stock soar by 0.61% to $8.25. The most recent rating by BTIG Research, on October 21, 2020, is at a Neutral.

    TransAtlantic Petroleum Ltd. (AMEX:TAT) Shares headed rising, higher as much as 0.60%. On November 20, 2020, the company released its financial results for the quarter ended September 30, 2020. The most recent rating by TD Securities, on September 09, 2016, is at a Speculative buy.

    Pacific Ethanol Inc. (NASDAQ:PEIX) rose 0.17% after gaining more than $0.01 on Monday. The firm declared on December 1, 2020, the closing of its agreement with Liberty Basin, LLC to sell 134 acres, rail loop and grain handling assets at its Pacific Ethanol Magic Valley plant in Burley, Idaho for $10 million in cash.

    Talos Energy Inc. (TALO) last closed at $9.21, in a 52-week range of $5.00 to $31.34 after declaring proposed offering of $400 million of second-priority senior secured notes due 2026. Analysts have a consensus price target of $13.17.

    Valvoline Inc. (VVV) stock drop by -0.17% to $23.01. The most recent rating by JP Morgan, on August 05, 2020, is at an Overweight. The company on December 2, 2020 reported that it plans to acquire 27 quick-lube locations that will expand its service center network across the U.S.

  • Top Stocks to Watch as Markets Head to a Weak Start

    Top Stocks to Watch as Markets Head to a Weak Start

    U.S stocks are headed for a bearish start to the day after yesterday’s statements by the Fed Monetary Committee on interest rates. Yesterday the Federal Reserve announced that it would keep interest rates as they are, while also offering a positive message on the direction of the U.S economy for the rest of the year. However, the Fed also announced that while the economy was recovering fast, the future remained uncertain.

    It also added that the country’s economic activity would continue to face challenges from the COVID-19 pandemic. This has sent the message that despite the easing of lockdowns, the pandemic will continue to be a dark cloud on the economy until a vaccine is found. As such, the fact that none has been found yet means that uncertainty could last for longer. That’s because even at the point that one is found, there still could be a period of uncertainty as countries move to distribute the doses to their population. Despite the bearish outlook in the day, the overall sentiment of the market remains bullish. It is for this reason that stocks that have positive news about them are gaining quite strongly in the day. Some of the top performers ahead of markets opening are as below:

    Enservco Corporation [NYSE: ENSV]

    Enservco Corporation is a top gainer this morning and is up by over 49%. This is largely price action-driven, as there is no news about the company at the moment.

    A month ago, the company announced its Q2 results and they reflected a slowdown in economic activity due to its economic activity. The company also stated that it was well-positioned to meet the company’s client base. The company also announced that it was refinancing its debt to improve its balance sheet.  With the COVID-19 wave slowing down globally, investors are likely to keep bidding up the price.

    Northern Dynasty Minerals Ltd [NYSE: NAK]

    Northern Dynasty Minerals Ltd is another top performer this morning and is up by over 35%. This is largely a price action move and comes days after the company’s CEO presented at the H.C Wainwright & Co. The fact that he touched on the company’s Pebble project continues to create excitement in the market.

    Sorrento Therapeutics Inc [NASDAQ: SRNE]

    Sorrento Therapeutics Inc is another top performer this afternoon and is up by over 32%. This follows the company’s announcement that it had got a study may proceed letter from the US FDA for its phase 1 clinical trial for its COVID-19 treatment called COVI-GUARD.