Liberty Oilfield Services Inc (LBRT) Receives $27.89 Consensus Price Target from Brokerages

Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have earned an average rating of “Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $27.89.

Several equities research analysts recently commented on LBRT shares. Stifel Nicolaus boosted their price objective on shares of Liberty Oilfield Services from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Citigroup cut their target price on shares of Liberty Oilfield Services from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, July 9th. Piper Jaffray Companies reissued a “buy” rating and issued a $30.00 target price on shares of Liberty Oilfield Services in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, Wolfe Research initiated coverage on shares of Liberty Oilfield Services in a research note on Wednesday, October 10th. They issued an “outperform” rating for the company.

In other news, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $18.96, for a total transaction of $47,232,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Day sold 3,000,000 shares of the company’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 disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently bought and sold shares of LBRT. FMR LLC increased its stake in shares of Liberty Oilfield Services by 263.1% during the 2nd quarter. FMR LLC now owns 4,324,150 shares of the company’s stock valued at $80,949,000 after acquiring an additional 3,133,409 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $25,770,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Liberty Oilfield Services during the 2nd quarter worth about $7,403,000. JPMorgan Chase & Co. purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $3,928,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $3,280,000.

Shares of Liberty Oilfield Services stock traded down $0.48 on Friday, hitting $20.66. The company’s stock had a trading volume of 6,378 shares, compared to its average volume of 689,897. Liberty Oilfield Services has a 52-week low of $16.00 and a 52-week high of $23.90. The company has a quick ratio of 2.22, a current ratio of 2.52 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.55 billion and a PE ratio of 23.74.

Liberty Oilfield Services (NYSE:LBRT) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.58 by $0.13. The business had revenue of $628.08 million during the quarter, compared to analysts’ expectations of $543.64 million. On average, research analysts expect that Liberty Oilfield Services will post 2.34 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, September 5th. Liberty Oilfield Services’s dividend payout ratio is currently 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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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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