Liberty Oilfield Services (NYSE:LBRT) Lowered to Hold at BidaskClub

Liberty Oilfield Services (NYSE:LBRT) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday, BidAskClub reports.

Several other research analysts have also weighed in on LBRT. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Liberty Oilfield Services from $7.00 to $12.00 in a research report on Tuesday, December 15th. Zacks Investment Research lowered Liberty Oilfield Services from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. B. Riley reissued a “buy” rating and issued a $12.50 price objective (up from $10.50) on shares of Liberty Oilfield Services in a research report on Tuesday, December 1st. Scotiabank lowered Liberty Oilfield Services from a “sector outperform” rating to a “sector perform” rating and set a $8.00 price objective for the company. in a research report on Tuesday, October 13th. Finally, Smith Barney Citigroup lifted their price objective on Liberty Oilfield Services from $7.00 to $12.00 in a research report on Tuesday, December 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.71.

Shares of LBRT opened at $10.31 on Thursday. The company has a market capitalization of $1.16 billion, a PE ratio of -9.46 and a beta of 3.30. Liberty Oilfield Services has a 12 month low of $2.17 and a 12 month high of $11.50. The stock’s 50-day moving average price is $10.26 and its two-hundred day moving average price is $7.86. The company has a current ratio of 2.03, a quick ratio of 1.57 and a debt-to-equity ratio of 0.17.

Liberty Oilfield Services (NYSE:LBRT) last announced its earnings results on Tuesday, October 27th. The company reported ($0.39) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.03. The firm had revenue of $147.50 million for the quarter, compared to the consensus estimate of $127.92 million. Liberty Oilfield Services had a negative return on equity of 11.01% and a negative net margin of 8.20%. Equities research analysts predict that Liberty Oilfield Services will post -1.34 EPS for the current fiscal year.

In other news, Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $8.61, for a total value of $49,507,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Ron Gusek sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $10.96, for a total value of $109,600.00. Following the completion of the transaction, the president now owns 1,417,010 shares in the company, valued at approximately $15,530,429.60. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of LBRT. Strs Ohio boosted its position in Liberty Oilfield Services by 5.0% during the third quarter. Strs Ohio now owns 69,700 shares of the company’s stock valued at $556,000 after buying an additional 3,300 shares during the period. Van ECK Associates Corp purchased a new stake in Liberty Oilfield Services during the third quarter valued at about $19,057,000. Public Employees Retirement System of Ohio boosted its position in Liberty Oilfield Services by 42.0% during the third quarter. Public Employees Retirement System of Ohio now owns 4,127 shares of the company’s stock valued at $33,000 after buying an additional 1,221 shares during the period. Paloma Partners Management Co purchased a new stake in Liberty Oilfield Services during the third quarter valued at about $256,000. Finally, California State Teachers Retirement System boosted its position in Liberty Oilfield Services by 3.5% during the third quarter. California State Teachers Retirement System now owns 98,253 shares of the company’s stock valued at $785,000 after buying an additional 3,317 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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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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