Liberty Oilfield Services (LBRT) Trading Up 6.5%

Liberty Oilfield Services Inc (NYSE:LBRT)’s share price was up 6.5% during mid-day trading on Thursday . The stock traded as high as $23.07 and last traded at $22.61. Approximately 516,500 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 567,312 shares. The stock had previously closed at $21.23.

Several equities analysts recently issued reports on LBRT shares. Evercore ISI initiated coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 target price on the stock. ValuEngine downgraded Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Morgan Stanley cut their price target on Liberty Oilfield Services from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 11th. Piper Jaffray initiated coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, Goldman Sachs initiated coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They set a “buy” rating and a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $28.71.

The company has a current ratio of 1.91, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.48 billion and a PE ratio of 24.13.

Liberty Oilfield Services (NYSE:LBRT) last posted its earnings results on Monday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.36). The firm had revenue of $449.00 million for the quarter, compared to analyst estimates of $444.84 million. analysts anticipate that Liberty Oilfield Services Inc will post 2.34 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Carlyle Group L.P. purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $851,337,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $42,284,000. Franklin Resources Inc. purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $26,341,000. BlackRock Inc. purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $25,770,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of Liberty Oilfield Services during the 1st quarter worth about $16,013,000. 3.15% of the stock is currently owned by institutional investors and hedge funds.

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 has 19 active fleets. The company 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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