Enservco stock continues to struggle despite higher sales, lower loss

LONGMONT — Enservco Corp. (NYSE American: ENSV), which provides specialized well-site services to the domestic oil and gas industries, posted higher year-over-year sales and a lower net loss in the second quarter of 2023, but Wall Street continues to be sour on the company’s stock.

Revenue was up 8% year over year to $3.7 million in the most-recent period from $3.5 million in the second quarter last year. 

Enserco’s net loss for the second quarter of 2023 was $2.6 million, an improvement on a net loss of $3.9 million in the same period last year.

“We are pleased to report continued growth momentum,…