Liberty Oilfield Services Inc (NYSE:LBRT) Given Average Recommendation of “Buy” by Brokerages

Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.89.

Several research firms have recently issued reports on LBRT. B. Riley began coverage on Liberty Oilfield Services in a research report on Friday, May 17th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research raised Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. ValuEngine cut Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research report on Friday, April 26th. Barclays began coverage on Liberty Oilfield Services in a research report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price objective for the company. Finally, Goldman Sachs Group began coverage on Liberty Oilfield Services in a research report on Sunday, March 10th. They set a “neutral” rating and a $20.00 price objective for the company.

LBRT opened at $15.05 on Friday. Liberty Oilfield Services has a 12 month low of $12.32 and a 12 month high of $23.51. The firm has a market cap of $1.55 billion, a P/E ratio of 8.31 and a beta of 2.04. The company has a quick ratio of 1.48, a current ratio of 1.75 and a debt-to-equity ratio of 0.25.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Tuesday, April 30th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Liberty Oilfield Services had a return on equity of 16.35% and a net margin of 5.50%. The firm had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $502.55 million. As a group, research analysts forecast that Liberty Oilfield Services will post 1.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. Liberty Oilfield Services’s dividend payout ratio is currently 11.05%.

In related news, CFO Michael Stock sold 61,309 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was 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 through the SEC website. Also, President Ron Gusek sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $17.50, for a total value of $350,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,309 shares of company stock valued at $2,923,153. Insiders own 6.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new stake in Liberty Oilfield Services during the 1st quarter valued at approximately $90,000. QS Investors LLC purchased a new stake in Liberty Oilfield Services during the 4th quarter valued at approximately $133,000. Marshall Wace LLP raised its stake in Liberty Oilfield Services by 95.7% during the 1st 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 during the last quarter. BNP Paribas Arbitrage SA raised its stake in Liberty Oilfield Services by 810.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,339 shares of the company’s stock valued at $159,000 after acquiring an additional 9,203 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Liberty Oilfield Services by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,757 shares of the company’s stock valued at $191,000 after acquiring an additional 11,525 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. 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.

See Also: Strike Price

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.