Latest News

Liberty Oilfield Services Inc (NYSE:LBRT) Given Consensus Rating of “Hold” by Brokerages

Liberty Oilfield Services Inc (NYSE:LBRT) has received an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.13.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

A number of research analysts recently weighed in on the company. Wells Fargo & Co dropped their price objective on Liberty Oilfield Services from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. TheStreet lowered Liberty Oilfield Services from a “c-” rating to a “d+” rating in a report on Thursday, August 22nd. Zacks Investment Research raised Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays reaffirmed a “buy” rating and set a $16.00 price objective on shares of Liberty Oilfield Services in a report on Thursday, October 17th. Finally, Citigroup dropped their price objective on Liberty Oilfield Services from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd.

In other Liberty Oilfield Services news, Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9.02, for a total transaction of $51,865,000.00. Also, Director Brett Staffieri sold 23,341 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total value of $241,579.35. The disclosure for this sale can be found here. 6.19% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of LBRT. Bank of Montreal Can purchased a new stake in shares of Liberty Oilfield Services in the second quarter valued at $61,000. Meeder Asset Management Inc. purchased a new stake in shares of Liberty Oilfield Services in the third quarter valued at $63,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Liberty Oilfield Services in the second quarter valued at $69,000. Aperio Group LLC purchased a new stake in shares of Liberty Oilfield Services in the second quarter valued at $109,000. Finally, Marshall Wace LLP lifted its position in shares of Liberty Oilfield Services by 95.7% in the first quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after acquiring an additional 4,425 shares in the last quarter.

Shares of LBRT stock opened at $8.66 on Monday. The business’s fifty day moving average price is $9.44 and its 200 day moving average price is $12.42. Liberty Oilfield Services has a 1-year low of $8.13 and a 1-year high of $19.85. The firm has a market capitalization of $974.45 million, a PE ratio of 4.78 and a beta of 2.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.61.

Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.12). Liberty Oilfield Services had a return on equity of 9.20% and a net margin of 3.40%. The business had revenue of $515.08 million for the quarter, compared to analyst estimates of $522.04 million. Equities research analysts expect that Liberty Oilfield Services will post 0.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.31%. Liberty Oilfield Services’s payout ratio is 11.05%.

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. 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.

Further Reading: What is cost of equity?

Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

Leave a Reply

Your email address will not be published. Required fields are marked *