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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its stake in shares of 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 period. Dynamic Technology Lab Private Ltd grew its stake in Liberty Oilfield Services by 12.1% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 29,210 shares of the company’s stock valued at $450,000 after acquiring an additional 3,158 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Liberty Oilfield Services by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 233,516 shares of the company’s stock valued at $3,779,000 after acquiring an additional 3,224 shares during the period. Albert D Mason Inc. grew its stake in Liberty Oilfield Services by 8.0% in the 1st quarter. Albert D Mason Inc. now owns 47,810 shares of the company’s stock valued at $736,000 after acquiring an additional 3,540 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Liberty Oilfield Services in the 2nd quarter valued at $61,000.

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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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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