Enservco (ENSV) AI Stock Analysis

• Market Cap: $29.09K
• Dividend Yield: N/A
• Average Volume (3M): 71.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -16.18
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 86
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): N/A
• Shares Outstanding: 58,182,785
• 10 Day Avg. Volume: 44,872
• 30 Day Avg. Volume: 71,452
• PEG Ratio: >-0.01
• Price to Book (P/B): -9.01
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -2.13
• Enterprise Value/Market Cap: 318.07
• Enterprise Value/Revenue: 0.39
• Enterprise Value/Gross Profit: 1.36
• Enterprise Value/Ebitda: -8.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ―

Enservco's overall stock score reflects significant financial and operational challenges, including high leverage and ongoing cash flow difficulties. The recent corporate default and leadership changes further exacerbate these issues, impacting confidence in the company's future stability. Technical indicators suggest bearish sentiment, while the valuation is hampered by lack of profitability.

Positive Factors

Revenue Growth

Moderate revenue growth indicates a potential increase in demand for Enservco's services, reflecting a positive trend in operational performance.

Operational Improvements

The shift from negative to positive gross profit suggests operational enhancements, which could lead to better profitability in the long term.

Equity Improvement

Improvement in stockholders' equity, although still low, indicates progress in strengthening the company's financial foundation.

Negative Factors

High Leverage

High leverage poses financial risks, limiting flexibility and increasing vulnerability to economic downturns, impacting long-term stability.

Cash Flow Challenges

Persistent negative cash flows indicate struggles in generating cash, which is crucial for sustaining operations and funding future growth.

Leadership Instability

Leadership changes can disrupt strategic continuity and affect stakeholder confidence, posing challenges to navigating financial difficulties.

Enservco Business Overview & Revenue Model

Company Description

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. It offers frac water heating, hot oiling, pressure testing, acidizing, and water hauling, as well as well site construction services. The company owns and operates a fleet of approximately 318 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the eastern United States region comprising the southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain region consisting of western Colorado and southern Wyoming, central Wyoming, western North Dakota, and eastern Montana; and the Central United States region, including Eagle Ford Shale and East Texas Oilfield in Texas. Enservco Corporation was incorporated in 1980 and is headquartered in Longmont, Colorado.

How the Company Makes Money

Enservco makes money through its comprehensive suite of well-site services designed to support the onshore oil and gas industry. The company's primary revenue streams are derived from frac water heating, which is essential for hydraulic fracturing operations, and hot oiling services, which help in maintaining the flow of oil through pipelines by preventing paraffin buildup. Enservco's revenue is heavily reliant on the level of oil and gas exploration and production activities, which are influenced by commodity prices. Additionally, Enservco may have significant partnerships with major oil and gas exploration companies, which contribute to consistent demand for its services. Seasonal demand fluctuations, particularly in colder weather when frac water heating is critical, also impact the company's earnings.

Enservco Financial Statement Overview

Summary

Enservco faces significant financial challenges, including high leverage, consistent net losses, and cash flow difficulties. While there are signs of operational improvement, the company must focus on enhancing profitability, reducing debt levels, and improving cash flow stability to ensure sustainable growth in the fossil fuels industry.

Income Statement

Enservco's income statement shows improvement in gross profit from negative to positive over the TTM, indicating potential operational enhancements. However, persistent net losses and negative EBIT and EBITDA margins highlight ongoing profitability challenges. Revenue growth is moderate, but the company needs to address its cost structure to achieve sustainable profitability.

Balance Sheet

The balance sheet reveals a high debt level relative to equity, with a negative debt-to-equity ratio in earlier years that improved over time, though still indicating financial leverage risks. Stockholders' equity has improved but remains low, and the equity ratio is weak, suggesting financial instability. The company needs to strengthen its equity base to mitigate potential financial risks.

Cash Flow

Cash flow statements indicate significant cash flow challenges, with negative operating and free cash flows. Although there is some improvement in free cash flow growth, the company struggles to generate cash from operations relative to its net income. Improving cash flow sustainability is crucial for future financial health.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	24.02M	22.06M	21.64M	15.34M	15.68M	43.03M
Gross Profit	6.81M	-1.37M	-2.93M	-7.22M	-6.81M	2.73M
EBITDA	-1.12M	-2.79M	835.00K	-2.50M	5.42M	3.94M
Net Income	-5.73M	-8.52M	-5.58M	-8.04M	-2.51M	-7.65M
Balance Sheet
Total Assets	18.47M	13.87M	19.84M	25.15M	30.18M	42.98M
Cash, Cash Equivalents and Short-Term Investments	2.55M	201.00K	35.00K	149.00K	1.47M	663.00K
Total Debt	2.10M	9.43M	13.04M	16.65M	25.57M	39.72M
Total Liabilities	14.87M	14.44M	18.67M	19.81M	27.63M	45.65M
Stockholders Equity	3.60M	-572.00K	1.17M	5.34M	2.56M	-2.68M
Cash Flow
Free Cash Flow	-4.49M	-2.42M	-2.47M	-5.37M	-4.80M	3.28M
Operating Cash Flow	-4.26M	-2.15M	-2.25M	-4.77M	-4.44M	4.47M
Investing Cash Flow	1.57M	1.76M	343.00K	-200.00K	1.03M	-458.00K
Financing Cash Flow	-2.12M	551.00K	1.79M	3.66M	4.22M	-3.60M

Enservco Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ENSV, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.25 is Neutral, neither overbought nor oversold. The STOCH value of 23.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ENSV.

Enservco Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	71 Outperform	$101.33M	8.78	11.89%	―	16.61%	-72.29%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
DTI	52 Neutral	$133.76M	-21.25	-5.18%	―	7.46%	-165.76%
KLXE	50 Neutral	$49.59M	-0.65	―	―	-12.57%	-45.75%
NINE	48 Neutral	$25.42M	-0.58	―	―	2.59%	16.02%
DWSN	45 Neutral	$64.27M	-19.36	-19.81%	―	-22.31%	39.11%
ENSV	39 Underperform	$29.09K	-0.06	-227.48%	―	―	―