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Tag: ENSV Stock

  • 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.

  • 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.