Equities research analysts expect Liberty Oilfield Services Inc (NYSE:LBRT) to post sales of $538.77 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Liberty Oilfield Services’ earnings. The highest sales estimate is $565.00 million and the lowest is $515.36 million. Liberty Oilfield Services posted sales of $558.78 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.6%. The firm is scheduled to announce its next earnings report on Tuesday, October 29th.
On average, analysts expect that Liberty Oilfield Services will report full year sales of $2.12 billion for the current year, with estimates ranging from $2.07 billion to $2.19 billion. For the next financial year, analysts anticipate that the business will report sales of $2.24 billion, with estimates ranging from $1.98 billion to $2.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Liberty Oilfield Services.
Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Tuesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. The company had revenue of $542.15 million for the quarter, compared to analyst estimates of $532.21 million. Liberty Oilfield Services had a net margin of 4.42% and a return on equity of 12.43%.
Liberty Oilfield Services stock traded up $0.19 during mid-day trading on Wednesday, reaching $11.29. 1,002,000 shares of the company’s stock were exchanged, compared to its average volume of 659,634. The company has a market cap of $1.25 billion, a P/E ratio of 6.24 and a beta of 2.39. Liberty Oilfield Services has a twelve month low of $9.85 and a twelve month high of $23.51. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $11.43 and a 200-day moving average of $14.22.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio is presently 11.05%.
In related news, Director Brett Staffieri sold 23,341 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total value of $241,579.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 6.19% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JFG Wealth Management LLC grew its position in shares of Liberty Oilfield Services by 3.9% in the 2nd quarter. JFG Wealth Management LLC now owns 4,252,850 shares of the company’s stock valued at $57,456,000 after buying an additional 157,802 shares during the last quarter. BlackRock Inc. grew its position in shares of Liberty Oilfield Services by 4.8% in the 2nd quarter. BlackRock Inc. now owns 3,531,493 shares of the company’s stock valued at $57,139,000 after buying an additional 161,045 shares during the last quarter. Oakmont Corp purchased a new position in shares of Liberty Oilfield Services in the 2nd quarter valued at $20,113,000. Balyasny Asset Management LLC purchased a new position in shares of Liberty Oilfield Services in the 2nd quarter valued at $15,948,000. Finally, Northern Trust Corp grew its position in shares of Liberty Oilfield Services by 2.6% in the 2nd quarter. Northern Trust Corp now owns 639,145 shares of the company’s stock valued at $10,342,000 after buying an additional 16,418 shares during 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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