Liberty Oilfield Services Inc (NYSE:LBRT) has been assigned a consensus rating of “Buy” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $27.22.
Several research analysts have recently weighed in on LBRT shares. Morgan Stanley lifted their price objective on Liberty Oilfield Services from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, August 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $30.00 target price on shares of Liberty Oilfield Services in a research report on Thursday, August 9th. Citigroup boosted their target price on Liberty Oilfield Services from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research lowered Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 21st. Finally, ValuEngine lowered Liberty Oilfield Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th.
In other Liberty Oilfield Services news, insider Robert Day sold 3,000,000 shares of Liberty Oilfield Services stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $21.00, for a total transaction of $63,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of Liberty Oilfield Services stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $18.96, for a total value of $47,232,393.60. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in LBRT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Liberty Oilfield Services during the 2nd quarter valued at about $371,000. Sei Investments Co. boosted its stake in Liberty Oilfield Services by 70.9% during the 2nd quarter. Sei Investments Co. now owns 8,764 shares of the company’s stock valued at $164,000 after purchasing an additional 3,637 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new position in shares of Liberty Oilfield Services in the 2nd quarter worth approximately $418,000. American Century Companies Inc. boosted its stake in shares of Liberty Oilfield Services by 72.7% in the 2nd quarter. American Century Companies Inc. now owns 173,674 shares of the company’s stock worth $3,251,000 after buying an additional 73,137 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Liberty Oilfield Services by 111.7% in the 2nd quarter. GSA Capital Partners LLP now owns 26,037 shares of the company’s stock worth $487,000 after buying an additional 13,737 shares during the last quarter.
LBRT stock opened at $17.32 on Monday. Liberty Oilfield Services has a 1-year low of $16.00 and a 1-year high of $23.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 2.18. The stock has a market capitalization of $2.00 billion and a PE ratio of 19.68.
Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.07). Liberty Oilfield Services had a return on equity of 20.71% and a net margin of 6.03%. The business had revenue of $558.78 million during the quarter, compared to the consensus estimate of $579.03 million. Analysts expect that Liberty Oilfield Services will post 2.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, December 5th. Liberty Oilfield Services’s payout ratio is 22.73%.
About Liberty Oilfield Services
Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. It provides its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.
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