Piper Jaffray Companies Comments on Liberty Oilfield Services Inc’s Q3 2018 Earnings (LBRT)

Liberty Oilfield Services Inc (NYSE:LBRT) – Equities research analysts at Piper Jaffray Companies decreased their Q3 2018 earnings estimates for Liberty Oilfield Services in a research note issued on Wednesday, August 8th. Piper Jaffray Companies analyst J. Daniel now forecasts that the company will earn $0.56 per share for the quarter, down from their previous forecast of $0.63. Piper Jaffray Companies currently has a “Buy” rating and a $30.00 target price on the stock. Piper Jaffray Companies also issued estimates for Liberty Oilfield Services’ Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.57 EPS, FY2019 earnings at $2.05 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.63 EPS and FY2020 earnings at $2.49 EPS.

Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.13. The business had revenue of $628.08 million during the quarter, compared to analyst estimates of $543.64 million.



Several other equities analysts have also weighed in on the stock. Citigroup increased their price objective on shares of Liberty Oilfield Services from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 10th. Morgan Stanley increased their price objective on shares of Liberty Oilfield Services from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 6th. Capital One Financial restated an “overweight” rating on shares of Liberty Oilfield Services in a report on Wednesday, July 25th. Zacks Investment Research lowered shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a report on Thursday, July 19th. Finally, Tudor Pickering lowered shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a report on Friday, June 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $28.75.

Shares of NYSE LBRT opened at $20.00 on Monday. Liberty Oilfield Services has a fifty-two week low of $16.00 and a fifty-two week high of $23.90. The company has a market capitalization of $2.40 billion and a P/E ratio of 22.73. The company has a current ratio of 2.52, a quick ratio of 2.22 and a debt-to-equity ratio of 0.14.

The company also recently announced a special dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, September 5th.

A number of large investors have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in Liberty Oilfield Services in the second quarter valued at approximately $770,000. Bank of America Corp DE increased its stake in Liberty Oilfield Services by 7,661.0% in the second quarter. Bank of America Corp DE now owns 101,436 shares of the company’s stock valued at $1,899,000 after purchasing an additional 100,129 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in Liberty Oilfield Services in the second quarter valued at approximately $7,403,000. Precocity Capital LP increased its stake in Liberty Oilfield Services by 41.2% in the second quarter. Precocity Capital LP now owns 600,000 shares of the company’s stock valued at $11,232,000 after purchasing an additional 175,000 shares in the last quarter. Finally, FMR LLC increased its stake in Liberty Oilfield Services by 263.1% in the second quarter. FMR LLC now owns 4,324,150 shares of the company’s stock valued at $80,949,000 after purchasing an additional 3,133,409 shares in the last quarter.

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. 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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Earnings History and Estimates for Liberty Oilfield Services (NYSE:LBRT)

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