Enservco (ENSV) PT, Estimates Cut at Northland Capital

Northland Capital Markets analyst Jeff Grampp lowered estimates and his price target on Enservco Corporation (NYSE: ENSV) to $2.75 (from $4.00) on weak macro trends but maintained an Outperform rating.

Grampp commented, "We are reiterating our Outperform rating on ENSV, but lowering our PT from $4.00 to $2.75 based on a more difficult operating environment with E&Ps scaling back activities due to weaker oil prices. While the organic growth outlook is more uncertain, we believe this environment will also present favorable acquisition opportunities. If ENSV is able to deliver on these prospects, we believe it can emerge from this downturn as a larger and stronger company."

The firm cut FY 2015 EPS from $0.33 to $0.15

For an analyst ratings summary and ratings history on Enservco Corporation click here. For more ratings news on Enservco Corporation click here.

Shares of Enservco Corporation closed at $2.05 yesterday.

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