US Well Services (NASDAQ:USWS) Stock Rating Upgraded by ValuEngine

US Well Services (NASDAQ:USWS) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, ValuEngine reports.

USWS has been the subject of a number of other reports. Zacks Investment Research downgraded US Well Services from a “hold” rating to a “sell” rating in a research report on Saturday. Johnson Rice assumed coverage on US Well Services in a research report on Wednesday, June 12th. They set a “buy” rating and a $9.00 target price for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $8.97.

USWS traded up $0.06 during trading on Monday, reaching $2.00. 34,600 shares of the company traded hands, compared to its average volume of 73,211. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34. US Well Services has a 12-month low of $1.82 and a 12-month high of $11.12. The business’s fifty day simple moving average is $2.60. The stock has a market capitalization of $136.76 million and a P/E ratio of -1.50.

US Well Services (NASDAQ:USWS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. The company had revenue of $151.42 million for the quarter, compared to analysts’ expectations of $156.05 million. On average, equities research analysts predict that US Well Services will post -1.81 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of USWS. Strs Ohio bought a new position in shares of US Well Services during the 2nd quarter valued at approximately $26,000. Marshall Wace LLP bought a new position in shares of US Well Services during the 1st quarter valued at approximately $36,000. Marshall Wace North America L.P. bought a new position in shares of US Well Services during the 1st quarter valued at approximately $65,000. Shaolin Capital Management LLC bought a new position in shares of US Well Services during the 2nd quarter valued at approximately $121,000. Finally, Wells Fargo & Company MN bought a new position in shares of US Well Services during the 2nd quarter valued at approximately $132,000. Hedge funds and other institutional investors own 48.57% of the company’s stock.

US Well Services Company Profile

U.S. Well Services, Inc operates as an oilfield service company in the United States. It provides hydraulic fracturing services for the oil and natural gas exploration and production companies. The company is headquartered in Houston, Texas.

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