US Well Services (NASDAQ:USWS) Coverage Initiated at Johnson Rice

Equities researchers at Johnson Rice began coverage on shares of US Well Services (NASDAQ:USWS) in a note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Piper Jaffray Companies started coverage on shares of US Well Services in a report on Monday, April 15th. They issued an “overweight” rating and a $7.90 price objective on the stock. Seaport Global Securities started coverage on shares of US Well Services in a report on Thursday, May 23rd. They issued a “buy” rating and a $10.00 price objective on the stock.

Shares of NASDAQ USWS opened at $6.18 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 0.83. The stock has a market cap of $422.57 million and a PE ratio of -4.65. US Well Services has a 52-week low of $6.00 and a 52-week high of $11.12.

US Well Services (NASDAQ:USWS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.06. The company had revenue of $139.77 million for the quarter, compared to analysts’ expectations of $131.60 million. On average, equities research analysts forecast that US Well Services will post -1.52 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of USWS. Marshall Wace LLP purchased a new position in shares of US Well Services in the first quarter worth approximately $36,000. Morgan Stanley purchased a new position in shares of US Well Services in the first quarter worth approximately $45,000. Marshall Wace North America L.P. purchased a new position in shares of US Well Services in the first quarter worth approximately $65,000. JPMorgan Chase & Co. purchased a new position in shares of US Well Services in the first quarter worth approximately $92,000. Finally, Jefferies Group LLC purchased a new position in shares of US Well Services in the first quarter worth approximately $120,000. 46.78% of the stock is currently owned by institutional investors.

About US Well Services

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.

Further Reading: Cash Flow

The Fly

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