Zacks: US Well Services Inc (USWS) Given Consensus Rating of “Strong Buy” by Brokerages

US Well Services Inc (NASDAQ:USWS) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $10.00 for the company and are anticipating that the company will post ($0.30) EPS for the current quarter, according to Zacks. Zacks has also given US Well Services an industry rank of 83 out of 255 based on the ratings given to related companies.

Separately, Piper Jaffray Companies initiated coverage on shares of US Well Services in a report on Monday, April 15th. They issued an “overweight” rating and a $7.90 price target for the company.

US Well Services stock traded down $0.27 during mid-day trading on Wednesday, reaching $7.40. The company’s stock had a trading volume of 503 shares, compared to its average volume of 56,799. US Well Services has a 12-month low of $6.03 and a 12-month high of $11.12. The firm has a market capitalization of $473.93 million and a price-to-earnings ratio of -5.56. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.41.

US Well Services (NASDAQ:USWS) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($0.96) earnings per share for the quarter. The company had revenue of $118.44 million for the quarter. On average, equities research analysts forecast that US Well Services will post -0.95 EPS for the current year.

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.

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