U.S. Well Services (NASDAQ:USWS – Get Rating) released its earnings results on Monday. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.20), MarketWatch Earnings reports. During the same quarter in the previous year, the company earned ($1.23) earnings per share.
NASDAQ USWS opened at $0.56 on Tuesday. The stock’s fifty day moving average price is $0.99 and its 200 day moving average price is $1.26. U.S. Well Services has a 1 year low of $0.50 and a 1 year high of $5.60. The company has a market cap of $43.17 million, a price-to-earnings ratio of -0.21 and a beta of 1.45.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley acquired a new stake in shares of U.S. Well Services during the 2nd quarter valued at about $1,661,000. Millennium Management LLC lifted its stake in U.S. Well Services by 249.5% in the 2nd quarter. Millennium Management LLC now owns 162,389 shares of the company’s stock worth $164,000 after purchasing an additional 115,926 shares in the last quarter. Citadel Advisors LLC purchased a new position in U.S. Well Services in the 3rd quarter worth approximately $88,000. Jane Street Group LLC purchased a new position in U.S. Well Services in the 3rd quarter worth approximately $84,000. Finally, Bank of America Corp DE raised its position in shares of U.S. Well Services by 1,843.5% during the 4th quarter. Bank of America Corp DE now owns 26,373 shares of the company’s stock valued at $30,000 after buying an additional 25,016 shares during the period.
U.S. Well Services Company Profile (Get Rating)
U.S. Well Services, Inc operates as an oilfield service company in the United States. It provides pressure pumping services; and hydraulic fracturing services to the oil and natural gas exploration, and production companies. The company was founded in 2012 and is headquartered in Houston, Texas.
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