Liberty Oilfield Services’ (NYSE:LBRT) quiet period will expire on Wednesday, February 21st. Liberty Oilfield Services had issued 12,731,092 shares in its IPO on January 12th. The total size of the offering was $216,428,564 based on an initial share price of $17.00. During Liberty Oilfield Services’ quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of brokerages have recently commented on LBRT. Wells Fargo & Co began coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price objective on the stock. Citigroup began coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued a “buy” rating on the stock. Tudor Pickering began coverage on shares of Liberty Oilfield Services in a research report on Tuesday. They issued a “buy” rating on the stock. Cowen began coverage on shares of Liberty Oilfield Services in a research report on Wednesday, February 7th. They issued a “market perform” rating and a $22.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Liberty Oilfield Services in a report on Tuesday, February 6th. They set an “overweight” rating and a $34.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $29.29.
Liberty Oilfield Services (LBRT) opened at $19.22 on Wednesday. The firm has a market cap of $2,270.00 and a price-to-earnings ratio of 20.89. Liberty Oilfield Services has a fifty-two week low of $17.79 and a fifty-two week high of $23.78.
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