Liberty Oilfield Services Inc (NYSE:LBRT) Given Average Recommendation of “Buy” by Brokerages
Liberty Oilfield Services Inc (NYSE:LBRT) has been assigned an average recommendation of “Buy” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.13.
LBRT has been the subject of several research analyst reports. AltaCorp Capital reaffirmed an “outperform” rating on shares of Liberty Oilfield Services in a research report on Thursday, June 20th. B. Riley began coverage on shares of Liberty Oilfield Services in a research report on Friday, May 17th. They set a “buy” rating and a $20.00 price target for the company. ValuEngine lowered shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. TheStreet raised shares of Liberty Oilfield Services from a “d+” rating to a “c-” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research raised shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 6th.
In other Liberty Oilfield Services news, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the firm’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 transaction of $116,880,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.19% of the company’s stock.
Shares of Liberty Oilfield Services stock traded up $0.11 during midday trading on Friday, hitting $11.40. The company had a trading volume of 24,684 shares, compared to its average volume of 861,365. The stock has a market capitalization of $1.33 billion, a PE ratio of 6.31 and a beta of 2.29. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $13.92. Liberty Oilfield Services has a 12-month low of $10.96 and a 12-month high of $23.51.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio is presently 11.05%.
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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