Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have received an average rating of “Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.22.
Several equities research analysts recently commented on LBRT shares. Citigroup boosted their price objective on shares of 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 cut shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 21st. ValuEngine cut shares of Liberty Oilfield Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Stifel Nicolaus started coverage on shares of Liberty Oilfield Services in a research report on Monday, September 10th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Liberty Oilfield Services from $31.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, September 17th.
LBRT traded up $0.01 during trading on Monday, reaching $15.50. 1,073,393 shares of the company’s stock were exchanged, compared to its average volume of 562,682. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.18 and a current ratio of 2.45. Liberty Oilfield Services has a fifty-two week low of $15.35 and a fifty-two week high of $23.90. The firm has a market capitalization of $1.79 billion and a PE ratio of 17.61.
Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). The firm had revenue of $558.78 million during the quarter, compared to analyst estimates of $579.03 million. Liberty Oilfield Services had a net margin of 6.03% and a return on equity of 20.71%. Equities analysts forecast that Liberty Oilfield Services will post 2.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.29%. Liberty Oilfield Services’s dividend payout ratio (DPR) is presently 22.73%.
In other Liberty Oilfield Services news, insider Robert Day sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $21.00, for a total transaction of $63,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $18.96, for a total transaction of $47,232,393.60. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the business. FMR LLC increased its stake in shares of Liberty Oilfield Services by 38.2% during the 3rd quarter. FMR LLC now owns 5,977,773 shares of the company’s stock worth $128,940,000 after purchasing an additional 1,653,623 shares during the last quarter. BlackRock Inc. increased its stake in shares of Liberty Oilfield Services by 169.1% during the 3rd quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock worth $78,392,000 after purchasing an additional 2,283,611 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Liberty Oilfield Services by 144.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,769,980 shares of the company’s stock worth $59,748,000 after purchasing an additional 1,638,479 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Liberty Oilfield Services by 1,066.7% during the 3rd quarter. Clearbridge Investments LLC now owns 1,074,169 shares of the company’s stock worth $23,170,000 after purchasing an additional 982,100 shares during the last quarter. Finally, Precocity Capital LP increased its stake in shares of Liberty Oilfield Services by 41.2% during the 2nd quarter. Precocity Capital LP now owns 600,000 shares of the company’s stock worth $11,232,000 after purchasing an additional 175,000 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. 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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