US Well Services (NASDAQ:USWS) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of US Well Services (NASDAQ:USWS) from a hold rating to a buy rating in a report released on Wednesday, Zacks.com reports. The firm currently has $2.00 price objective on the stock.

According to Zacks, “U.S. Well Services Inc. is a special purpose acquisition company. It aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase and reorganization. “

Separately, ValuEngine raised shares of US Well Services from a hold rating to a buy rating in a research report on Monday, November 11th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of $7.23.

NASDAQ USWS traded down $0.07 on Wednesday, reaching $1.82. The company had a trading volume of 9,700 shares, compared to its average volume of 68,439. The firm has a market cap of $131.94 million and a price-to-earnings ratio of -1.39. US Well Services has a fifty-two week low of $1.55 and a fifty-two week high of $9.31. The business has a 50 day moving average of $1.94 and a two-hundred day moving average of $3.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.18 and a quick ratio of 1.10.

US Well Services (NASDAQ:USWS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.02). The firm had revenue of $130.88 million for the quarter, compared to the consensus estimate of $127.30 million. US Well Services had a negative net margin of 19.99% and a negative return on equity of 40.96%. As a group, research analysts predict that US Well Services will post -1.59 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of USWS. Strs Ohio bought a new stake in US Well Services during the second quarter valued at $26,000. Tower Research Capital LLC TRC boosted its position in US Well Services by 3,649.3% during the third quarter. Tower Research Capital LLC TRC now owns 15,972 shares of the company’s stock valued at $35,000 after acquiring an additional 15,546 shares during the last quarter. Marshall Wace LLP bought a new stake in US Well Services during the first quarter valued at $36,000. Marshall Wace North America L.P. bought a new stake in US Well Services during the first quarter valued at $65,000. Finally, First Trust Advisors LP bought a new stake in US Well Services during the third quarter valued at $84,000. 48.74% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Book Value Per Share – BVPS

Get a free copy of the Zacks research report on US Well Services (USWS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for US Well Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Well Services and related companies with MarketBeat.com's FREE daily email newsletter.