Liberty Oilfield Services (LBRT) Earns “Overweight” Rating from Capital One Financial

Capital One Financial reissued their overweight rating on shares of Liberty Oilfield Services (NYSE:LBRT) in a research report report published on Wednesday, July 25th, The Fly reports.

LBRT has been the subject of a number of other reports. Zacks Investment Research downgraded Liberty Oilfield Services from a hold rating to a strong sell rating in a research report on Thursday, July 19th. Morgan Stanley cut their target price on Liberty Oilfield Services from $27.00 to $25.00 and set an overweight rating for the company in a research report on Wednesday, April 11th. Cowen reiterated a hold rating and set a $20.00 target price on shares of Liberty Oilfield Services in a research report on Friday, April 13th. Tudor Pickering downgraded Liberty Oilfield Services from a buy rating to a hold rating in a research report on Friday, June 8th. Finally, Citigroup cut their target price on Liberty Oilfield Services from $26.00 to $23.00 and set a buy rating for the company in a research report on Monday, July 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Liberty Oilfield Services has an average rating of Buy and a consensus price target of $28.75.

NYSE:LBRT opened at $20.31 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.52 and a quick ratio of 1.67. Liberty Oilfield Services has a fifty-two week low of $16.00 and a fifty-two week high of $23.90.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Wednesday, August 1st. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The company had revenue of $628.08 million for the quarter, compared to the consensus estimate of $543.64 million. analysts expect that Liberty Oilfield Services will post 2.43 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 5th.

Several institutional investors have recently bought and sold shares of the company. Carlyle Group L.P. acquired a new position in shares of Liberty Oilfield Services during the 1st quarter worth $851,337,000. FMR LLC raised its holdings 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 worth $80,949,000 after buying an additional 3,133,409 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Liberty Oilfield Services during the 1st quarter worth $42,284,000. Franklin Resources Inc. acquired a new position in shares of Liberty Oilfield Services during the 1st quarter worth $26,341,000. Finally, BlackRock Inc. acquired a new position in shares of Liberty Oilfield Services during the 1st quarter worth $25,770,000.

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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The Fly

Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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