Liberty Oilfield Services (LBRT) Started Coverage at Barclays

Liberty Oilfield Services (LBRT) Started Coverage at Barclays

LBRT has been the topic of several other research reports. ValuEngine lowered Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research report on Friday, November 23rd. Citigroup cut their target price on Liberty Oilfield Services from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Cowen restated a “market perform” rating and set a $16.00 target price (down previously from $18.00) on shares of Liberty Oilfield Services in a research report on Thursday, February 7th. Goldman Sachs Group initiated coverage on Liberty Oilfield Services in a research report on Sunday. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research lowered Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.25.

Equities researchers at Barclays started coverage on shares of Liberty Oilfield Services (NYSE:LBRT) in a research report issued on Tuesday, Marketbeat reports. The brokerage set an “overweight” rating and a $19.00 price target on the stock. Barclays‘s price target indicates a potential upside of 22.82% from the company’s previous close.

Shares of Liberty Oilfield Services stock opened at $15.47 on Tuesday. Liberty Oilfield Services has a one year low of $12.32 and a one year high of $23.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.18 and a current ratio of 2.45. The stock has a market cap of $1.75 billion and a P/E ratio of 8.55.

Liberty Oilfield Services (NYSE:LBRT) last announced its earnings results on Tuesday, February 5th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04). Liberty Oilfield Services had a net margin of 5.86% and a return on equity of 18.09%. The business had revenue of $473.12 million for the quarter, compared to the consensus estimate of $496.80 million. Equities research analysts expect that Liberty Oilfield Services will post 1.05 earnings per share for the current fiscal year.

In related news, President Ron Gusek sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $17.63, for a total transaction of $440,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Day sold 1,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $16.03, for a total value of $24,045,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,646,471 shares of company stock worth $26,551,981.

A number of hedge funds have recently bought and sold shares of LBRT. American Century Companies Inc. raised its stake in Liberty Oilfield Services by 55.8% during the 3rd quarter. American Century Companies Inc. now owns 270,665 shares of the company’s stock worth $5,838,000 after buying an additional 96,991 shares during the period. Rhumbline Advisers raised its stake in shares of Liberty Oilfield Services by 177.5% in the third quarter. Rhumbline Advisers now owns 36,307 shares of the company’s stock worth $783,000 after purchasing an additional 23,222 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Liberty Oilfield Services by 42.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,297 shares of the company’s stock worth $610,000 after purchasing an additional 8,488 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Liberty Oilfield Services by 57.8% in the third quarter. Alliancebernstein L.P. now owns 43,400 shares of the company’s stock worth $936,000 after purchasing an additional 15,900 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Liberty Oilfield Services by 282.2% in the third quarter. Bank of New York Mellon Corp now owns 135,362 shares of the company’s stock worth $2,919,000 after purchasing an additional 99,941 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. 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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