Wells Fargo & Company MN acquired a new position in shares of US Well Services Inc (NASDAQ:USWS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,297 shares of the company’s stock, valued at approximately $132,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in US Well Services during the first quarter worth about $36,000. Strs Ohio purchased a new stake in US Well Services during the second quarter worth about $26,000. Finally, Marshall Wace North America L.P. purchased a new stake in US Well Services during the first quarter worth about $65,000. Institutional investors and hedge funds own 48.57% of the company’s stock.

Shares of NASDAQ:USWS opened at $2.11 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.09 and a quick ratio of 1.03. US Well Services Inc has a twelve month low of $1.82 and a twelve month high of $11.12. The stock’s 50-day simple moving average is $2.53.

US Well Services (NASDAQ:USWS) last issued its earnings results on Tuesday, August 6th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. The business had revenue of $151.42 million for the quarter, compared to the consensus estimate of $156.05 million. Analysts predict that US Well Services Inc will post -1.81 EPS for the current fiscal year.

USWS has been the subject of a number of research analyst reports. ValuEngine upgraded shares of US Well Services from a “hold” rating to a “buy” rating in a report on Monday, October 7th. Zacks Investment Research downgraded shares of US Well Services from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $8.97.

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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Institutional Ownership by Quarter for US Well Services (NASDAQ:USWS)

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