US Well Services Inc (NASDAQ:USWS) Expected to Post Earnings of -$0.39 Per Share

Brokerages expect that US Well Services Inc (NASDAQ:USWS) will announce earnings per share (EPS) of ($0.39) for the current quarter, according to Zacks. Two analysts have made estimates for US Well Services’ earnings, with the lowest EPS estimate coming in at ($0.42) and the highest estimate coming in at ($0.35). The firm is scheduled to issue its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that US Well Services will report full year earnings of ($1.31) per share for the current financial year. For the next year, analysts expect that the company will report earnings of ($1.35) per share, with EPS estimates ranging from ($1.90) to ($0.80). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover US Well Services.

US Well Services (NASDAQ:USWS) last released its earnings results on Tuesday, May 7th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.06. The business had revenue of $139.77 million for the quarter, compared to the consensus estimate of $131.60 million.

Several analysts have recently weighed in on USWS shares. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Saturday, July 13th. Piper Jaffray Companies lifted their target price on Aptevo Therapeutics from $4.00 to $4.50 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Seaport Global Securities started coverage on US Well Services in a research report on Thursday, May 23rd. They set a “buy” rating and a $10.00 target price for the company. Finally, Johnson Rice started coverage on US Well Services in a research report on Wednesday, June 12th. They set a “buy” rating and a $9.00 target price for the company.

Shares of NASDAQ:USWS traded up $0.04 on Tuesday, hitting $3.50. 141,433 shares of the company’s stock were exchanged, compared to its average volume of 159,437. US Well Services has a 12 month low of $3.33 and a 12 month high of $11.12. The company has a market capitalization of $239.32 million and a PE ratio of -2.63. The stock’s 50 day simple moving average is $5.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.59 and a quick ratio of 0.53.

A hedge fund recently bought a new stake in US Well Services stock. Marshall Wace North America L.P. purchased a new stake in shares of US Well Services Inc (NASDAQ:USWS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,136 shares of the company’s stock, valued at approximately $65,000. Hedge funds and other institutional investors own 46.78% of the company’s stock.

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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Earnings History and Estimates for US Well Services (NASDAQ:USWS)

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