Liberty Oilfield Services (NYSE:LBRT) Price Target Raised to $10.00

Liberty Oilfield Services (NYSE:LBRT) had its price target upped by investment analysts at Stifel Nicolaus from $8.00 to $10.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 76.99% from the stock’s previous close.

Several other analysts also recently weighed in on LBRT. Citigroup increased their target price on Liberty Oilfield Services from $3.00 to $4.30 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Piper Sandler raised their price objective on shares of Liberty Oilfield Services from $3.50 to $4.60 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Morgan Stanley upped their target price on shares of Liberty Oilfield Services from $5.00 to $6.50 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. ValuEngine raised shares of Liberty Oilfield Services from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Finally, Zacks Investment Research downgraded shares of Liberty Oilfield Services from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Liberty Oilfield Services presently has a consensus rating of “Hold” and an average target price of $7.99.

NYSE LBRT opened at $5.65 on Thursday. Liberty Oilfield Services has a 1 year low of $2.17 and a 1 year high of $14.50. The company has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $5.67. The company has a quick ratio of 1.52, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Tuesday, April 28th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.08. The firm had revenue of $472.34 million during the quarter, compared to analyst estimates of $404.43 million. Liberty Oilfield Services had a negative net margin of 3.07% and a negative return on equity of 4.82%. On average, sell-side analysts expect that Liberty Oilfield Services will post -1.21 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in LBRT. Marshall Wace LLP lifted its holdings in shares of Liberty Oilfield Services by 95.7% during the first quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after acquiring an additional 4,425 shares during the period. Victory Capital Management Inc. lifted its holdings in Liberty Oilfield Services by 38.9% during the 4th quarter. Victory Capital Management Inc. now owns 10,769 shares of the company’s stock valued at $120,000 after purchasing an additional 3,017 shares during the last quarter. Credit Suisse AG boosted its position in Liberty Oilfield Services by 40.9% in the fourth quarter. Credit Suisse AG now owns 42,579 shares of the company’s stock valued at $473,000 after buying an additional 12,351 shares in the last quarter. UBS Group AG grew its stake in Liberty Oilfield Services by 33.3% during the fourth quarter. UBS Group AG now owns 78,715 shares of the company’s stock worth $875,000 after buying an additional 19,661 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in Liberty Oilfield Services by 6.3% during the fourth quarter. Guggenheim Capital LLC now owns 21,533 shares of the company’s stock worth $239,000 after buying an additional 1,272 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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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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