Liberty Oilfield Services Inc (NYSE:LBRT) – Analysts at Piper Jaffray Companies dropped their FY2019 earnings per share estimates for shares of Liberty Oilfield Services in a research note issued to investors on Tuesday, December 31st. Piper Jaffray Companies analyst J. Daniel now expects that the company will post earnings per share of $0.68 for the year, down from their prior forecast of $0.72.
Liberty Oilfield Services (NYSE:LBRT) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.12). The firm had revenue of $515.08 million for the quarter, compared to analyst estimates of $522.04 million. Liberty Oilfield Services had a return on equity of 9.20% and a net margin of 3.40%.
Several other research analysts also recently issued reports on the company. Barclays reaffirmed a “buy” rating and set a $16.00 price target on shares of Liberty Oilfield Services in a research note on Thursday, October 17th. Morgan Stanley cut their target price on shares of Liberty Oilfield Services from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Bank of America assumed coverage on shares of Liberty Oilfield Services in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $10.00 target price for the company. Citigroup raised shares of Liberty Oilfield Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $10.00 to $11.50 in a research note on Tuesday, December 10th. Finally, Zacks Investment Research raised shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $16.06.
NYSE:LBRT opened at $11.06 on Friday. The company has a market capitalization of $1.25 billion, a PE ratio of 6.11 and a beta of 2.39. The company has a quick ratio of 1.61, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. Liberty Oilfield Services has a 52-week low of $7.89 and a 52-week high of $17.70. The stock has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $11.21.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in shares of Liberty Oilfield Services during the 2nd quarter valued at about $61,000. Meeder Asset Management Inc. acquired a new position in shares of Liberty Oilfield Services during the 3rd quarter valued at about $63,000. Aperio Group LLC acquired a new position in shares of Liberty Oilfield Services during the 2nd quarter valued at about $109,000. Marshall Wace LLP increased its stake in shares of Liberty Oilfield Services by 95.7% during the 1st 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 last quarter. Finally, M&T Bank Corp acquired a new position in shares of Liberty Oilfield Services during the 2nd quarter valued at about $182,000.
In related news, Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9.02, for a total value of $51,865,000.00. Insiders own 6.19% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. Liberty Oilfield Services’s payout ratio is 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.