US Well Services (NASDAQ:USWS) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of US Well Services (NASDAQ:USWS) from a hold rating to a sell rating in a research note released on Friday, Zacks.com reports.

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 upgraded shares of US Well Services from a hold rating to a buy rating in a research report on Monday, November 11th. One 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 an average target price of $8.97.

USWS traded up $0.04 during trading hours on Friday, hitting $1.91. The company’s stock had a trading volume of 200 shares, compared to its average volume of 38,508. The business’s 50-day moving average price is $1.95 and its 200-day moving average price is $3.97. US Well Services has a 12 month low of $1.55 and a 12 month high of $9.31. The stock has a market cap of $131.94 million and a price-to-earnings ratio of -1.44. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.51.

US Well Services (NASDAQ:USWS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.02). US Well Services had a negative return on equity of 40.96% and a negative net margin of 19.99%. The business had revenue of $130.88 million during the quarter, compared to the consensus estimate of $127.30 million. On average, analysts forecast that US Well Services will post -1.81 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in USWS. Strs Ohio purchased a new position in US Well Services during the second quarter worth $26,000. Tower Research Capital LLC TRC boosted its stake 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 worth $35,000 after buying an additional 15,546 shares during the period. Marshall Wace LLP purchased a new position in US Well Services during the first quarter worth $36,000. Marshall Wace North America L.P. purchased a new position in US Well Services during the first quarter worth $65,000. Finally, First Trust Advisors LP purchased a new position in US Well Services during the third quarter worth $84,000. Institutional investors own 48.74% 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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