Liberty Oilfield Services (NYSE:LBRT) had its price objective lowered by Wells Fargo & Co from $20.00 to $17.00 in a research report released on Thursday, BenzingaRatingsTable reports. Wells Fargo & Co currently has an outperform rating on the stock.
Several other equities analysts have also commented on LBRT. Morgan Stanley lowered their price objective on shares of Liberty Oilfield Services from $21.00 to $20.00 and set an overweight rating for the company in a research report on Friday, July 12th. AltaCorp Capital reissued an outperform rating on shares of Liberty Oilfield Services in a research note on Thursday, June 20th. Zacks Investment Research raised shares of Liberty Oilfield Services from a strong sell rating to a hold rating in a research note on Tuesday, August 6th. TheStreet downgraded shares of Liberty Oilfield Services from a c- rating to a d+ rating in a research note on Thursday, August 22nd. Finally, ValuEngine downgraded shares of Liberty Oilfield Services from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $20.67.
LBRT stock traded up $0.26 during trading on Thursday, hitting $11.15. 1,314,607 shares of the company’s stock traded hands, compared to its average volume of 648,596. Liberty Oilfield Services has a 52 week low of $9.85 and a 52 week high of $23.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.80. The business has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $14.36. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 6.16 and a beta of 2.38.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio (DPR) is 11.05%.
In other Liberty Oilfield Services news, Director Brett Staffieri sold 23,341 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total transaction of $241,579.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $14.61, for a total transaction of $116,880,000.00. The disclosure for this sale can be found here. Company insiders own 6.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LBRT. Bank of Montreal Can purchased a new position in Liberty Oilfield Services during the 2nd quarter valued at about $61,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Liberty Oilfield Services in the 2nd quarter valued at about $69,000. NumerixS Investment Technologies Inc bought a new stake in shares of Liberty Oilfield Services in the 1st quarter valued at about $90,000. Aperio Group LLC bought a new stake in shares of Liberty Oilfield Services in the 2nd quarter valued at about $109,000. Finally, Marshall Wace LLP boosted its holdings in shares of Liberty Oilfield Services by 95.7% in the 1st quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after buying an additional 4,425 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. 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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