Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have been assigned an average rating of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.63.
A number of research firms have recently commented on LBRT. Zacks Investment Research raised shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Co dropped their target price on shares of Liberty Oilfield Services from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Morgan Stanley dropped their target price on shares of Liberty Oilfield Services from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, July 12th. TheStreet cut shares of Liberty Oilfield Services from a “c-” rating to a “d+” rating in a report on Thursday, August 22nd. Finally, Citigroup dropped their target price on shares of Liberty Oilfield Services from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, September 23rd.
Shares of LBRT stock traded down $0.23 on Friday, reaching $10.31. The company had a trading volume of 1,155,200 shares, compared to its average volume of 678,785. The stock has a market capitalization of $1.18 billion, a PE ratio of 5.70 and a beta of 2.38. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.24. Liberty Oilfield Services has a one year low of $9.76 and a one year high of $22.85. The business’s 50-day moving average is $10.85 and its 200 day moving average is $13.82.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio is currently 11.05%.
In other news, Director Brett Staffieri sold 23,341 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $14.61, for a total value 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 institutional investors have recently added to or reduced their stakes in LBRT. Oakmont Corp acquired a new position in shares of Liberty Oilfield Services in the second quarter valued at approximately $20,113,000. Balyasny Asset Management LLC acquired a new stake in Liberty Oilfield Services during the 2nd quarter valued at approximately $15,948,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Liberty Oilfield Services during the 2nd quarter valued at approximately $51,459,000. Nuveen Asset Management LLC acquired a new stake in Liberty Oilfield Services during the 2nd quarter valued at approximately $5,285,000. Finally, BlackRock Inc. increased its position in Liberty Oilfield Services by 4.8% during the 2nd quarter. BlackRock Inc. now owns 3,531,493 shares of the company’s stock valued at $57,139,000 after purchasing an additional 161,045 shares during the period.
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. 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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