Analysts Expect Liberty Oilfield Services Inc (NYSE:LBRT) Will Post Earnings of -$0.02 Per Share

Wall Street analysts expect Liberty Oilfield Services Inc (NYSE:LBRT) to post earnings per share (EPS) of ($0.02) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Liberty Oilfield Services’ earnings. The lowest EPS estimate is ($0.04) and the highest is $0.01. Liberty Oilfield Services reported earnings per share of $0.27 during the same quarter last year, which would suggest a negative year over year growth rate of 107.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Liberty Oilfield Services will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $1.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.53 per share, with EPS estimates ranging from $0.20 to $1.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Liberty Oilfield Services.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.12). Liberty Oilfield Services had a net margin of 3.40% and a return on equity of 9.20%. The business had revenue of $515.08 million during the quarter, compared to analyst estimates of $522.04 million.

A number of research firms have recently issued reports on LBRT. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 5th. ValuEngine upgraded shares of Liberty Oilfield Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co lowered their price objective on shares of Liberty Oilfield Services from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Morgan Stanley lowered their price objective on shares of Liberty Oilfield Services from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, TheStreet downgraded shares of Liberty Oilfield Services from a “c-” rating to a “d+” rating in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Liberty Oilfield Services currently has an average rating of “Hold” and a consensus price target of $16.13.

In other Liberty Oilfield Services news, Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9.02, for a total value of $51,865,000.00. Also, Director Brett Staffieri sold 23,341 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total transaction of $241,579.35. The disclosure for this sale can be found here. 6.19% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the business. Oakmont Corp bought a new stake in shares of Liberty Oilfield Services in the second quarter valued at about $20,113,000. Balyasny Asset Management LLC bought a new stake in Liberty Oilfield Services during the second quarter worth about $15,948,000. Amundi Pioneer Asset Management Inc. bought a new stake in Liberty Oilfield Services during the second quarter worth about $51,459,000. Nuveen Asset Management LLC bought a new stake in Liberty Oilfield Services during the second quarter worth about $5,285,000. Finally, BlackRock Inc. lifted its position in Liberty Oilfield Services by 4.8% during the second quarter. BlackRock Inc. now owns 3,531,493 shares of the company’s stock worth $57,139,000 after purchasing an additional 161,045 shares during the period.

Shares of NYSE LBRT remained flat at $$8.66 during midday trading on Friday. 806,917 shares of the stock were exchanged, compared to its average volume of 1,188,422. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.95 and a quick ratio of 1.61. Liberty Oilfield Services has a 12 month low of $8.13 and a 12 month high of $19.85. The company has a market cap of $974.45 million, a PE ratio of 4.78 and a beta of 2.32. The stock has a fifty day simple moving average of $9.44 and a 200 day simple moving average of $12.42.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.31%. Liberty Oilfield Services’s payout ratio is 11.05%.

About Liberty Oilfield Services

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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