Liberty Oilfield Services Inc (NYSE:LBRT) Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of Liberty Oilfield Services stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $14.61, for a total transaction of $116,880,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE LBRT traded up $0.08 during midday trading on Friday, reaching $15.04. 1,001,074 shares of the company were exchanged, compared to its average volume of 603,298. The company’s 50-day moving average price is $14.39. The stock has a market capitalization of $1.65 billion, a PE ratio of 8.31 and a beta of 2.32. Liberty Oilfield Services Inc has a one year low of $12.32 and a one year high of $23.51. The company has a current ratio of 1.75, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25.
Liberty Oilfield Services (NYSE:LBRT) last posted its earnings results on Tuesday, April 30th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $535.15 million for the quarter, compared to analysts’ expectations of $502.55 million. Liberty Oilfield Services had a net margin of 5.50% and a return on equity of 16.35%. Analysts forecast that Liberty Oilfield Services Inc will post 1.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Liberty Oilfield Services’s payout ratio is presently 11.05%.
A number of brokerages recently issued reports on LBRT. AltaCorp Capital reissued a “sector perform” rating on shares of STEP Energy Services in a research note on Thursday, June 20th. Morgan Stanley raised shares of to an “overweight” rating and set a GBX 400 ($5.23) price objective on the stock in a research note on Friday. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, B. Riley set a $2.00 price objective on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Liberty Oilfield Services has a consensus rating of “Buy” and an average price target of $22.11.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd grew its stake in shares of Liberty Oilfield Services by 12.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 29,210 shares of the company’s stock worth $450,000 after buying an additional 3,158 shares during the last quarter. Albert D Mason Inc. grew its stake in shares of Liberty Oilfield Services by 8.0% during the first quarter. Albert D Mason Inc. now owns 47,810 shares of the company’s stock worth $736,000 after buying an additional 3,540 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Liberty Oilfield Services by 95.7% during the first quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock worth $139,000 after buying an additional 4,425 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Liberty Oilfield Services during the first quarter worth $90,000. Finally, Squarepoint Ops LLC grew its stake in shares of Liberty Oilfield Services by 61.0% during the fourth quarter. Squarepoint Ops LLC now owns 20,602 shares of the company’s stock worth $267,000 after buying an additional 7,802 shares during the last quarter.
Liberty Oilfield Services Company Profile
Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company offers 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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