Verition Fund Management LLC boosted its stake in shares of US Well Services Inc (NASDAQ:USWS) by 239.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 485,795 shares of the company’s stock after buying an additional 342,476 shares during the period. Verition Fund Management LLC owned approximately 0.66% of US Well Services worth $237,000 as of its most recent filing with the SEC.

Separately, Marshall Wace North America L.P. acquired a new stake in US Well Services during the 1st quarter worth approximately $65,000. 47.92% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research cut shares of US Well Services from a “buy” rating to a “hold” rating in a research note on Saturday, July 11th.

Shares of US Well Services stock opened at $0.27 on Wednesday. The business has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.48. US Well Services Inc has a 1 year low of $0.23 and a 1 year high of $2.83. The company has a market capitalization of $19.45 million, a price-to-earnings ratio of -0.06 and a beta of 2.31. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.68.

US Well Services (NASDAQ:USWS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.27). US Well Services had a negative net margin of 64.10% and a negative return on equity of 154.88%. The business had revenue of $39.84 million for the quarter, compared to analyst estimates of $43.80 million. As a group, equities analysts anticipate that US Well Services Inc will post -0.63 earnings per share for the current fiscal year.

US Well Services Profile

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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Institutional Ownership by Quarter for US Well Services (NASDAQ:USWS)

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