Seaport Global Securities initiated coverage on shares of US Well Services (NASDAQ:USWS) in a research note released on Thursday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $10.00 price target on the stock.
Separately, Piper Jaffray Companies started coverage on shares of US Well Services in a research note on Monday, April 15th. They set an overweight rating and a $7.90 price target on the stock.
Shares of NASDAQ:USWS opened at $7.77 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.53 and a current ratio of 0.59. The stock has a market cap of $514.88 million and a price-to-earnings ratio of -5.84. US Well Services has a 1 year low of $6.03 and a 1 year high of $11.12.
Several institutional investors have recently made changes to their positions in USWS. JPMorgan Chase & Co. acquired a new stake in US Well Services in the first quarter valued at $92,000. Citigroup Inc. acquired a new stake in US Well Services in the first quarter valued at $195,000. Northern Trust Corp grew its holdings in US Well Services by 84.0% in the first quarter. Northern Trust Corp now owns 41,220 shares of the company’s stock valued at $329,000 after purchasing an additional 18,815 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of US Well Services during the first quarter valued at $65,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of US Well Services during the first quarter valued at $1,389,000. 47.51% of the stock is owned by institutional investors and hedge funds.
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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