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.
