Liberty Oilfield Services (NYSE:LBRT) Hits New 52-Week Low at $7.95

Shares of Liberty Oilfield Services Inc (NYSE:LBRT) hit a new 52-week low on Tuesday . The stock traded as low as $7.95 and last traded at $8.02, with a volume of 11993 shares trading hands. The stock had previously closed at $8.29.

Several brokerages recently weighed in on LBRT. Morgan Stanley decreased their target price on Liberty Oilfield Services from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Zacks Investment Research raised Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th. ValuEngine raised Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays reaffirmed a “buy” rating and set a $16.00 target price on shares of Liberty Oilfield Services in a research note on Thursday, October 17th. Finally, Citigroup decreased their target price on Liberty Oilfield Services from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.13.

The company has a current ratio of 1.95, a quick ratio of 1.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $974.45 million, a price-to-earnings ratio of 4.47 and a beta of 2.32. The stock has a 50-day moving average of $9.31 and a two-hundred day moving average of $12.32.

Liberty Oilfield Services (NYSE:LBRT) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.15 earnings per share 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 company had revenue of $515.08 million during the quarter, compared to analyst estimates of $522.04 million. Sell-side analysts expect that Liberty Oilfield Services Inc will post 0.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. Liberty Oilfield Services’s dividend payout ratio (DPR) is 11.05%.

In related news, Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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 stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $10.35, for a total value of $241,579.35. The disclosure for this sale can be found here. Company insiders own 6.19% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC lifted its stake in Liberty Oilfield Services by 23.7% in the 3rd quarter. Chicago Equity Partners LLC now owns 114,005 shares of the company’s stock worth $1,235,000 after acquiring an additional 21,850 shares in the last quarter. Oakmont Corp bought a new position in Liberty Oilfield Services during the 2nd quarter worth $20,113,000. Swiss National Bank bought a new position in Liberty Oilfield Services during the 2nd quarter worth $1,315,000. Parametric Portfolio Associates LLC raised its position in Liberty Oilfield Services by 10.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,225 shares of the company’s stock worth $214,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Liberty Oilfield Services during the 2nd quarter worth $69,000.

Liberty Oilfield Services Company Profile (NYSE:LBRT)

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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