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ENSERVCO Corporation

ENSERVCO Corporation (ENSV)

0.2044
-0.0043
(-2.06%)
Closed June 23 4:00PM
0.2018
-0.0026
(-1.27%)
After Hours: 7:21PM

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Key stats and details

Current Price
0.2018
Bid
-
Ask
-
Volume
309,787
0.19 Day's Range 0.2082
0.15 52 Week Range 0.4957
Market Cap
Previous Close
0.2087
Open
0.19
Last Trade
30073
@
0.2044
Last Trade Time
Financial Volume
$ 60,221
VWAP
0.194394
Average Volume (3m)
857,585
Shares Outstanding
27,636,500
Dividend Yield
-
PE Ratio
-0.65
Earnings Per Share (EPS)
-0.31
Revenue
22.06M
Net Profit
-8.52M

About ENSERVCO Corporation

Enservco Corp is a player in the oil and gas industry. It works in the conventional and unconventional oil and gas fields throughout the United States providing well enhancement and fluid logistics and management services to exploration and production companies operating in the U.S. onshore oil and ... Enservco Corp is a player in the oil and gas industry. It works in the conventional and unconventional oil and gas fields throughout the United States providing well enhancement and fluid logistics and management services to exploration and production companies operating in the U.S. onshore oil and gas industry. It functions through its subsidiaries namely; Heat Waves Hot Oil Service, Heat Waves Water Management, Adler Hot Oil Service, HE Services and Dillco Fluid Service. Its reportable business segments are Well Enhancement Services and Water Transfer Services. Show more

Sector
Oil & Gas Field Services,nec
Industry
Oil & Gas Field Services,nec
Headquarters
Camden, Delaware, USA
Founded
1970
ENSERVCO Corporation is listed in the Oil & Gas Field Services sector of the American Stock Exchange with ticker ENSV. The last closing price for ENSERVCO was $0.21. Over the last year, ENSERVCO shares have traded in a share price range of $ 0.15 to $ 0.4957.

ENSERVCO currently has 27,636,500 shares outstanding. The market capitalization of ENSERVCO is $5.53 million. ENSERVCO has a price to earnings ratio (PE ratio) of -0.65.

ENSV Latest News

Enservco Corporation Provides Further Update on Plan to Regain Compliance with NYSE American Listing Standards

LONGMONT, Colo., June 13, 2024 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV) (“Enservco”, or the “Company”), a diversified national provider of specialized well-site services to...

Energy Shares Rip Following Acquisition Announcement

A Denver-based energy company is gaining a lot of traction on Wednesday after the company announced an agreement to acquire Buckshot Trucking LLC for $5.0 million dollar, which is To read the full...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0113-5.302674800560.21310.23970.184061180.21075119CS
4-0.0782-27.92857142860.280.33850.1511729820.21314092CS
120.00180.90.20.360.158575850.24352817CS
26-0.0692-25.53505535060.2710.360.156065400.23501506CS
52-0.1882-48.25641025640.390.49570.154189700.27529212CS
156-1.2582-86.17808219181.468.760.158731092.28522247CS
260-0.2276-53.00419189570.42948.760.0715552491.02525427CS

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ENSV Discussion

View Posts
Fredric Fredric 2 weeks ago
Dafuq was thar all about. Just up and back down... crazy move
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Monksdream Monksdream 3 months ago
ENSV 10Q due 3/25
Next day settlement begins 5/28 per SEC mandate
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TrendTrade2016 TrendTrade2016 3 months ago
ENSV...4 HOUR TRACTION AS WE LIKE IT
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TrendTrade2016 TrendTrade2016 3 months ago
ENSV...VOL ACTION...NO MONKEY BUS ON THE 2
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easymoney easymoney 12 months ago
ENSV pos lol sold last pop but still got some adding when the RSI will be in oversold territory not enough volume to move yet.
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tradeforcash tradeforcash 12 months ago
ENSV will she run from here
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PENNY DIPZ PENNY DIPZ 1 year ago
Why do chartists like when gaps get closed?
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easymoney easymoney 1 year ago
ENSV probably closes the 0.8 gap this week also keeping in mind today's gap up and oil prices so will be nice if it will be over $81 tomorrow.
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subslover subslover 1 year ago
ENSV closing on or near HOD. Very nice!!!!
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easymoney easymoney 1 year ago
ENSV,HUSA Big pm gap up on oil up Big time with OPEC cut.
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subslover subslover 1 year ago
NEWS
Enservco Corporation Reports 2022 Fourth Quarter and Full Year Financial Results
Q4 revenue up 59% YOY to $6.5 million from $4.1 million
Seventh consecutive quarter of YOY revenue growth following drilling downturn and pandemic impact that began in 2020
Q4 net loss improves to $1.7 million from $3.1 million
Q4 adjusted EBITDA turns positive at $17,000 vs. loss of $2.0 million
Full year revenue up 41% YOY to $21.6 million from $15.3 million due to revenue gains in both production and completion segments
Full year net loss improves to $5.6 million from $8.1 million
Full year adjusted EBITDA improves to loss of $2.6 million from loss of $6.1 million
February 2023 public offering raised approximately $3.5 million in gross proceeds
Executive Chairman’s investment firm converted $1.1 million of convertible debt to common stock with plans for future fixed price conversions pending stockholder approval at upcoming Annual Meeting scheduled for June 13, 2023
LONGMONT, Colo., March 31, 2023 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its fourth quarter and full year ended December 31, 2022.

“Our seventh consecutive quarter of increased year-over-year revenue culminated in 41% growth in full year revenue – to $21.6 million in 2022 from $15.3 million a year ago. Both our production and completion operating segments produced double-digit growth for the year as customer demand continued its steady rise following the industry downturn and pandemic impact that began in early 2020,” said Rich Murphy, Executive Chairman. “We also delivered solid improvement in bottom line results for the full year, with net loss reduced by 31% and adjusted EBITDA loss reduced by 56%. Additionally, we are pleased to announce the February 2023 completion of a public offering that raised gross proceeds of approximately $3.5 million that will be used to continue advancing our growth and diversification initiatives.”

“More recently, we further strengthened our balance sheet when Cross River Partners converted approximately $1.1 million in convertible debt to equity. Cross River expects to convert its remaining convertible notes in the amount of approximately $2.5 million pending approval by stockholders at the upcoming June 13, 2023, Annual Meeting. This expected conversion would mark the end of our balance sheet restructuring effort that began in December 2019 when we had approximately $35 million in long-term debt, which we expect to be reduced to less than $6.5 million in mid-2023. We are now able to focus exclusively on increasing our revenue, enhancing gross margins and pursuing accretive and diversifying acquisitions or combinations within our more conservative financial philosophy.”

2022 Fourth Quarter Results

Total revenue in the fourth quarter increased 59% to $6.5 million from $4.1 million in the same quarter last year. The increase was attributable to stronger customer demand across both operating segments.

Production services revenue, which includes hot oiling and acidizing services, increased 4% to $2.6 million from $2.5 million in the same quarter last year. Production services generated a segment profit of $0.3 million compared to a segment loss of $0.5 million in the same quarter last year. Completion services revenue increased 142% in the fourth quarter to $3.9 million from $1.6 million in the same quarter last year. Completion services generated a segment profit of $0.7 million compared to a loss of $0.3 million in the same quarter last year.

Operating loss improved to $1.2 million from $3.2 million in the same quarter last year. Total other expense was $0.5 million in 2022 compared to total other income $24,000 in the same quarter last year.

The Company reported an improved net loss of $1.7 million compared to a net loss of $3.1 million in the same quarter last year.

Adjusted EBITDA was $17,000 compared to an adjusted EBITDA loss of $2.0 million in the same quarter last year.

Full Year Results

Total revenue for the year ended December 31, 2022, was $21.6 million, up 41% from $15.3 million in the prior year.

This increase reflected higher customer demand across the business. Specifically, production services revenue for the year increased 24% to $11.2 million from $9.0 million a year ago and generated a segment profit of $0.7 million versus a segment loss of $0.7 million a year ago. Completion services revenue increased 65% year over year to $10.4 million from $6.3 million a year ago and generated a segment profit of $0.7 million versus a segment loss of $1.3 million a year ago.

Operating loss improved by $3.0 million in 2022 – to $8.4 million from $11.4 million in the prior year. Total other income was $2.8 million in 2022 compared to $3.6 million in the prior year. Total other income in 2022 included a $4.3 million gain on debt extinguishment, which was partially offset by $1.4 million in current year interest expense. Total other income in the prior year included $3.7 million in Employee Retention Credits and PPP loan forgiveness and only nominal interest expense.

Net loss for the full year improved to $5.6 million from $8.1 million in the prior year.

Adjusted EBITDA loss in 2022 improved to $2.6 million from a loss of $6.1 million in the prior year.

Enservco used $2.2 million in cash from operations in 2022, a 53% improvement over $4.8 million in the prior year.

To view financial statements on Form 10-K as filed with the SEC today, click the following link:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000319458/000143774923008841/ensv20221231b_10k.htm

Conference Call Information
Enservco will not conduct a conference call in conjunction with its Form 10-K filing but plans to resume such calls beginning with first quarter results expected to be released in mid-May.

About Enservco
Through its various operating subsidiaries, Enservco provides a range of oilfield services, including hot oiling, acidizing, frac water heating, and related services. The Company has a broad geographic footprint covering seven major domestic oil and gas basins and serves customers in Colorado, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming, West Virginia, Utah, Michigan, Illinois, Florida, New Mexico and Louisiana. Additional information is available at www.enservco.com.

*Note on non-GAAP Financial Measures
This press release and the accompanying tables include a discussion of EBITDA and Adjusted EBITDA, which are non-GAAP financial measures provided as a complement to the results provided in accordance with generally accepted accounting principles ("GAAP"). The term "EBITDA" refers to a financial measure that we define as earnings (net income or loss) plus or minus net interest plus taxes, depreciation and amortization. Adjusted EBITDA excludes from EBITDA stock-based compensation and, when appropriate, other items that management does not utilize in assessing Enservco’s operating performance (as further described in the attached financial schedules). None of these non-GAAP financial measures are recognized terms under GAAP and do not purport to be an alternative to net income as an indicator of operating performance or any other GAAP measure. We have reconciled Adjusted EBITDA to GAAP net loss in the Consolidated Statements of Operations table at the end of this release. We intend to continue to provide these non-GAAP financial measures as part of our future earnings discussions and, therefore, the inclusion of these non-GAAP financial measures will provide consistency in our financial reporting.

Cautionary Note Regarding Forward-Looking Statements
This news release contains information that is "forward-looking" in that it describes events and conditions Enservco reasonably expects to occur in the future. Expectations for the future performance of Enservco are dependent upon a number of factors, and there can be no assurance that Enservco will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," "expects to," “should,” and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond Enservco's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in Enservco’s annual report on Form 10-K for the year ended December 31, 2021, and subsequently filed documents with the SEC. Forward looking statements in this news release that are subject to risk include plans to release first quarter 2023 results and conduct a conference call in mid-May, ability to continue generating increased revenue and improved profitability, ability to execute accretive M&A, continuation of customer demand, ability to gain stockholder approval for debt conversion, potential to continue converting convertible debt to equity and strengthen the balance sheet, ability to reduce long-term debt to less than $6.5 million by mid-year 2023, and plans to convene an Annual Meeting in June 2023. It is important that each person reviewing this release understand the significant risks attendant to the operations of Enservco. Enservco disclaims any obligation to update any forward-looking statement made herein.

Contact:

Mark Patterson
Chief Financial Officer
Enservco Corporation
mpatterson@enservco.com

Jay Pfeiffer
Pfeiffer High Investor Relations, Inc.
Phone: 303-880-9000
jay@pfeifferhigh.com
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jgrabar jgrabar 2 years ago
https://www.marketwatch.com/press-release/grabar-law-office-investigates-claims-on-behalf-of-shareholders-of-enservco-corporation-ensv-2022-11-30?tesla=y
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sal32647 sal32647 2 years ago
She is moving, I agree with you. Give it some time, and we could see it in double digits.
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subslover subslover 2 years ago
Hey Sal, another great day today up 10%. HOD was $2.95. This baby is a keeper!
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sal32647 sal32647 2 years ago
I think it is!
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easymoney easymoney 2 years ago
Well got NINE,HUSA oil plays as well .
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subslover subslover 2 years ago
You certainly did! I'm with you all the way! :)))
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easymoney easymoney 2 years ago
Yep I said last week the weekly chart looking good so i hope oil goes to 100 soon.
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subslover subslover 2 years ago
What a gorgeous move today! HOD $2.77. This one's a keeper!
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easymoney easymoney 2 years ago
My 1.2 looking good by the weekly easy 2.83 test coming soon imo.
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subslover subslover 2 years ago
I adore ENSV with more buying tomorrow! NICE DAY TODAY
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subslover subslover 2 years ago
Nice open!
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Hercules1 Hercules1 2 years ago
$ENSV:

should be gapping up big on monday.

looking for a $4 next week.
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subslover subslover 2 years ago
Beautiful close at $2.03 with HOD $2.10. Have a great weekend!!!!!
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easymoney easymoney 2 years ago
The weekly chart looks set fyi.
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easymoney easymoney 2 years ago
Follow the volume,love my 1.2-1.4 and the reload yesterday after the ah pop Wednesday.
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Hercules1 Hercules1 2 years ago
Biggest move is next week when this explodes to $4 or $5.
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PENNY DIPZ PENNY DIPZ 2 years ago
Too late nice move already!
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Hercules1 Hercules1 2 years ago
$ENSV:

Sensational financials.


This stock is going to rock.
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Hercules1 Hercules1 2 years ago
$ENSV:
Tiny float.

Short squeeze candidate.

Near term target price: $5
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trendzone trendzone 2 years ago
Like I said yesterday it should be trading higher from it was at that time,but there were probably a bunch of corrupt MM's and who ever, that were probably short going into that earnings report, and planned on profiting after the earnings, but they knew that wasn't going to be the case on the good report,but like the true criminals that they are, they knew they had to band together and manipulate a grind lower to shake out after hour longs and get many to sell as the peice of shtt manipulators were covering and stealing shares,when the trash was done or could no longer keep it down they started coving on the offer as others were bidding it up casing a little squeeze, just another day dealing with corrupt Street crimes at large.
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subslover subslover 2 years ago
Yea! Would be really sweet to close @ $2.00 or higher. Exciting
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Meangene818 Meangene818 2 years ago
Looking good today
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subslover subslover 2 years ago
Finished up 9%. Maybe it takes off tomorrow?
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trendzone trendzone 2 years ago
This stock should be higher,looks like it was manipulated down by corrupt MM naked shorters,probably wanting to steal shares from gap up sellers.
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subslover subslover 2 years ago
Beautiful Q results

Enservco Corporation Reports 2022 First Quarter Financial Results
October 19 2022 - 04:50PM
GlobeNewswire Inc.
Alert
Print
Share On Facebook

Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today reported financial results for its first quarter ended March 31, 2022.
Revenue increased 67% year over year to $8.6 million from $5.1 million due to increased customer demand based largely on higher commodity prices. The Company reported a 49% increase in production services – to $2.7 million from $1.8 million – and a 77% increase in completion and other services – to $5.8 million from $3.3 million.

Net income in the quarter was $3.1 million, or $0.27 per basic and diluted share, compared to a net loss of $3.9 million, or $0.42 per basic and diluted share, in the first quarter of 2021. The improved net income was due to a $1.3 million improvement in operating loss and a $4.3 million gain on extinguishment of debt related to the Company’s first quarter 2022 debt refinancing.

Adjusted EBITDA in the first quarter was $0.2 million compared to an adjusted EBITDA loss of $0.9 million in the same quarter last year.

The Company closed the quarter with stockholders’ equity of $8.6 million, up from $5.3 million at December 31, 2021.

Rich Murphy, Executive Chairman, said, “As previously announced, first quarter revenue showed significant improvement year over year due to increased customer demand and continued growth of our East Texas operation. We continue to believe the outlook for the oil and gas industry remains favorable, and we are excited about our growth prospects. I want to thank our stockholders for their patience as we work to bring our filings current. Our internal staff and independent accounting firm are now working to complete our second quarter financial statements in preparation for filing our Form 10-Q for the quarter ended June 30, 2022.”

To view full financial statements on Form 10-Q as filed with the SEC today, click the following link:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000319458/000143774922024387/ensv20220331b_10q.htm
Due to the delay in filing its financial statements, Enservco will not conduct an earnings conference call in conjunction with the filing of its first and second quarter financial results.

Because Enservco is not currently in compliance with the continued listing standards of the NYSE American Exchange, the Company applied for and was granted an extension of its listing until such time as it files its Form 10-Q for the second quarter ended June 30, 2022. The Company expects to file such Form 10-Q on or about November 11, 2022.

About Enservco
Through its various operating subsidiaries, Enservco provides a range of oilfield services, including hot oiling, acidizing, frac water heating, and related services. The Company has a broad geographic footprint covering seven major domestic oil and gas basins and serves customers in Colorado, Montana, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming, West Virginia, Utah, Michigan, Illinois, Florida, New Mexico, and Louisiana. Additional information is available at www.enservco.com.

*Note on non-GAAP Financial Measures
This press release includes a discussion of EBITDA and Adjusted EBITDA, which are non-GAAP financial measures provided as a complement to the results provided in accordance with generally accepted accounting principles ("GAAP"). The term "EBITDA" refers to a financial measure that we define as earnings (net income or loss) plus or minus net interest plus taxes, depreciation and amortization. Adjusted EBITDA excludes from EBITDA stock-based compensation and, when appropriate, other items that management does not utilize in assessing Enservco’s operating performance (as further described in the attached financial schedules). None of these non-GAAP financial measures are recognized term
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Martin1961 Martin1961 2 years ago
Federal securities class action lawsuit has been filed in the United States District Court for the District of Colorado against Enservco Corporation
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MouthBreather MouthBreather 2 years ago
wtf happening in this bitch?!?!?!?!?
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HeilHiden HeilHiden 2 years ago
Very confident we’re moving up. Momentum sma is up very bullish sign. Also we are in oversold territory. AND tons of MM buys over 4.00
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interloper interloper 2 years ago
I’ve never heard of a short ladder.
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interloper interloper 2 years ago
Yep, flopped after that run in AH trading but it’s back up 15% and looking good for more.
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HeilHiden HeilHiden 2 years ago
Shares are thin lock and load em
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HeilHiden HeilHiden 2 years ago
Momentum sma is touching the ceiling! Bullish
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StocktonCA StocktonCA 2 years ago
Short Squeeze or Short ladder? how to differentiate?
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interloper interloper 2 years ago
ENSV 60 min chart

ENSV bollie pincher break out
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interloper interloper 2 years ago
Woohoo AH runner. Bought in today 30 min before close. I was pissed because I could of had 3.10 but bought later at 3.43. The 60 mi chart has been looking great and primed for a breakout. Hopefully it continues tomorrow. I’ve seen these turds flop the next day.
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interloper interloper 2 years ago
Oh yeah fo sho! Or is it? I forget what my palm reader said.
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ttottip ttottip 2 years ago
Is this ready for the short squeeze?
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ttottip ttottip 2 years ago
Oil price is going back to the $130's again.
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Hobbydigger-53 Hobbydigger-53 2 years ago
oil higher to $7 - $ENSV will see next Qs higher - also in $WPRT for next upleg. WPRT is still a junior driving production up. Also look at $MULN starting with a Campaign last weeks. Over 500mil papers traded now. Whatch $CEI - will start again.. next Qs to expect more. Good luck
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