Analysts Set Liberty Oilfield Services Inc (LBRT) Price Target at $27.22
Liberty Oilfield Services Inc (NYSE:LBRT) has been given an average recommendation of “Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $27.22.
Several equities research analysts recently commented on the company. Citigroup raised their target price on Liberty Oilfield Services from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research downgraded Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 9th. Stifel Nicolaus raised their target price on Liberty Oilfield Services from $21.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Wolfe Research assumed coverage on Liberty Oilfield Services in a report on Wednesday, October 10th. They set an “outperform” rating on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $30.00 target price on shares of Liberty Oilfield Services in a report on Thursday, August 9th.
Shares of NYSE:LBRT traded down $0.43 during mid-day trading on Monday, hitting $15.56. 29,571 shares of the company traded hands, compared to its average volume of 582,383. The company has a market cap of $1.84 billion and a P/E ratio of 17.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.18 and a current ratio of 2.45. Liberty Oilfield Services has a 52-week low of $15.74 and a 52-week high of $23.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. Liberty Oilfield Services’s dividend payout ratio (DPR) is presently 22.73%.
In other Liberty Oilfield Services news, insider Robert Day sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $21.00, for a total transaction of $63,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $18.96, for a total value of $47,232,393.60. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Liberty Oilfield Services by 38.2% during the 3rd quarter. FMR LLC now owns 5,977,773 shares of the company’s stock valued at $128,940,000 after purchasing an additional 1,653,623 shares in the last quarter. BlackRock Inc. grew its position in shares of Liberty Oilfield Services by 169.1% in the 3rd quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock worth $78,392,000 after acquiring an additional 2,283,611 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Liberty Oilfield Services by 144.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,769,980 shares of the company’s stock worth $59,748,000 after acquiring an additional 1,638,479 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Liberty Oilfield Services by 1,066.7% in the 3rd quarter. Clearbridge Investments LLC now owns 1,074,169 shares of the company’s stock worth $23,170,000 after acquiring an additional 982,100 shares in the last quarter. Finally, Precocity Capital LP grew its position in shares of Liberty Oilfield Services by 41.2% in the 2nd quarter. Precocity Capital LP now owns 600,000 shares of the company’s stock worth $11,232,000 after acquiring an additional 175,000 shares in the last quarter.
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. It provides 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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