Liberty Oilfield Services Inc (NYSE:LBRT) has received a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.13.
Several research firms have recently weighed in on LBRT. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley lowered their price objective on shares of Liberty Oilfield Services from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Liberty Oilfield Services in a report on Thursday, June 20th. ValuEngine lowered shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Finally, B. Riley initiated coverage on shares of Liberty Oilfield Services in a report on Friday, May 17th. They set a “buy” rating and a $20.00 target price on the stock.
Shares of Liberty Oilfield Services stock traded up $0.19 on Friday, hitting $11.78. 774,900 shares of the company traded hands, compared to its average volume of 870,066. The firm’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $15.05. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.27 billion, a P/E ratio of 6.51 and a beta of 2.29. Liberty Oilfield Services has a 12-month low of $10.96 and a 12-month high of $23.51.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio is currently 11.05%.
In related news, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $14.61, for a total transaction of $116,880,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.19% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in LBRT. Oakmont Corp bought a new stake in Liberty Oilfield Services in the 2nd quarter worth $20,113,000. Balyasny Asset Management LLC bought a new stake in Liberty Oilfield Services in the 2nd quarter worth $15,948,000. Amundi Pioneer Asset Management Inc. bought a new stake in Liberty Oilfield Services in the 2nd quarter worth $51,459,000. Nuveen Asset Management LLC bought a new stake in Liberty Oilfield Services in the 2nd quarter worth $5,285,000. Finally, Bank of New York Mellon Corp grew its holdings in Liberty Oilfield Services by 216.0% in the 4th quarter. Bank of New York Mellon Corp now owns 427,730 shares of the company’s stock worth $5,540,000 after acquiring an additional 292,368 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.
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