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Fly News Breaks for December 11, 2019
USWS
Dec 11, 2019 | 16:17 EDT
Stifel analyst Stephen Gengaro initiated coverage of U.S. Well Services with a Buy rating and $3.50 price target. U.S. Well Services is a pure-play pressure pumper that is focused on developing and improving electric frac fleets as an alternative to conventional diesel-powered fleets, Gengaro tells investors in a research note. While near-term market conditions remain soft, the shares are undervalued and provide solid exposure to a growing technology, says the analyst.
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