Liberty Oilfield Services Inc (NYSE:LBRT) Receives $22.11 Consensus Target Price from Analysts

Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have earned an average rating of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.11.

Several brokerages recently commented on LBRT. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of STEP Energy Services in a report on Thursday, June 20th. B. Riley set a $2.00 target price on shares of Ascena Retail Group and gave the stock a “hold” rating in a report on Friday, May 17th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet raised shares of VEON from a “d+” rating to a “c-” rating in a report on Thursday, July 11th.

Shares of LBRT traded up $0.27 during midday trading on Tuesday, reaching $12.99. The stock had a trading volume of 722,957 shares, compared to its average volume of 708,944. The company’s 50 day simple moving average is $14.41. Liberty Oilfield Services has a one year low of $12.32 and a one year high of $23.51. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 7.18 and a beta of 2.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.75.

Liberty Oilfield Services (NYSE:LBRT) last announced its earnings results on Tuesday, April 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $535.15 million during the quarter, compared to the consensus estimate of $502.55 million. Liberty Oilfield Services had a net margin of 5.50% and a return on equity of 16.35%. As a group, analysts anticipate that Liberty Oilfield Services will post 1.04 earnings per share for the current fiscal year.

In other Liberty Oilfield Services news, CFO Michael Stock sold 61,309 shares of Liberty Oilfield Services stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.00, for a total value of $1,042,253.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ron Gusek sold 20,000 shares of Liberty Oilfield Services stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. The disclosure for this sale can be found here. Insiders sold a total of 8,081,309 shares of company stock valued at $118,272,253 in the last quarter. Corporate insiders own 6.19% of the company’s stock.

Institutional investors have recently modified their holdings of the business. FMR LLC raised its position in shares of Liberty Oilfield Services by 3.0% in the 4th quarter. FMR LLC now owns 6,156,284 shares of the company’s stock valued at $79,724,000 after buying an additional 178,511 shares in the last quarter. Northern Trust Corp raised its position in shares of Liberty Oilfield Services by 8.8% in the 4th quarter. Northern Trust Corp now owns 586,303 shares of the company’s stock valued at $7,592,000 after buying an additional 47,368 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Liberty Oilfield Services in the 4th quarter valued at approximately $4,185,000. Bank of America Corp DE raised its position in shares of Liberty Oilfield Services by 81.4% in the 4th quarter. Bank of America Corp DE now owns 118,953 shares of the company’s stock valued at $1,540,000 after buying an additional 53,380 shares in the last quarter. Finally, CWM LLC acquired a new position in shares of Liberty Oilfield Services in the 1st quarter valued at approximately $342,000.

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.

Featured Article: Asset Allocation and Your Retirement

Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

Receive News & Ratings for Liberty Oilfield Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Oilfield Services and related companies with MarketBeat.com's FREE daily email newsletter.