Equities analysts predict that U.S. Well Services, Inc. (NASDAQ:USWS) will report ($0.28) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for U.S. Well Services’ earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.41). U.S. Well Services posted earnings per share of ($0.98) during the same quarter last year, which would suggest a positive year-over-year growth rate of 71.4%. The company is expected to announce its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that U.S. Well Services will report full-year earnings of ($2.75) per share for the current year. For the next year, analysts anticipate that the firm will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.25) to ($0.08). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover U.S. Well Services.
U.S. Well Services (NASDAQ:USWS) last released its earnings results on Wednesday, August 11th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.34). The business had revenue of $78.80 million for the quarter, compared to the consensus estimate of $85.45 million.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley acquired a new position in shares of U.S. Well Services during the 2nd quarter worth $1,661,000. Millennium Management LLC increased its stake in shares of U.S. Well Services by 249.5% during 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 during the last quarter. Squarepoint Ops LLC increased its stake in shares of U.S. Well Services by 756.1% during the 2nd quarter. Squarepoint Ops LLC now owns 104,926 shares of the company’s stock worth $106,000 after purchasing an additional 92,670 shares during the last quarter. State Street Corp increased its stake in shares of U.S. Well Services by 1,310.1% during the 2nd quarter. State Street Corp now owns 155,114 shares of the company’s stock worth $157,000 after purchasing an additional 144,114 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of U.S. Well Services by 31.7% during the 2nd quarter. Geode Capital Management LLC now owns 375,433 shares of the company’s stock worth $379,000 after purchasing an additional 90,367 shares during the last quarter. Institutional investors own 39.61% of the company’s stock.
USWS stock traded down $0.16 during midday trading on Friday, reaching $2.73. The company had a trading volume of 77,085 shares, compared to its average volume of 1,791,225. U.S. Well Services has a 1 year low of $1.03 and a 1 year high of $11.80. The company has a market capitalization of $72.83 million, a P/E ratio of -2.18 and a beta of 1.64. The company has a 50 day moving average of $2.87 and a two-hundred day moving average of $3.23.
About U.S. Well Services
US Well Services, Inc engages in the provision of high-pressure and hydraulic fracturing services in oil and natural gas basins. Its FRAC technology delivers electric, mobile well stimulation systems powered by locally supplied natural gas including field gas sourced directly from the wellhead. It also offers PowerPath, OPTI-FLEX, WhisperFrac, F3 FUEL, AIM, and Clean Fleet technologies.
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