Liberty Oilfield Services (NYSE:LBRT) Hits New 12-Month High at $17.99

Liberty Oilfield Services Inc. (NYSE:LBRTGet Rating) reached a new 52-week high during trading on Monday . The company traded as high as $17.99 and last traded at $17.85, with a volume of 7421 shares changing hands. The stock had previously closed at $17.02.

A number of research analysts have recently commented on LBRT shares. Bank of America upgraded Liberty Oilfield Services from a “neutral” rating to a “buy” rating in a research report on Friday, March 11th. Piper Sandler increased their target price on Liberty Oilfield Services from $12.25 to $17.60 and gave the company a “neutral” rating in a research report on Wednesday, April 13th. Stifel Nicolaus increased their target price on Liberty Oilfield Services from $15.00 to $18.00 in a research report on Friday, April 8th. Wells Fargo & Company downgraded Liberty Oilfield Services from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $14.00 to $15.00 in a research report on Thursday, March 31st. Finally, Zacks Investment Research upgraded Liberty Oilfield Services from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Monday, January 3rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.36.

The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $13.82. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -16.88 and a beta of 2.61.

Liberty Oilfield Services (NYSE:LBRTGet Rating) last released its earnings results on Tuesday, February 8th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.13). Liberty Oilfield Services had a negative return on equity of 14.40% and a negative net margin of 7.25%. The business had revenue of $683.74 million during the quarter, compared to analysts’ expectations of $677.36 million. During the same quarter in the previous year, the business earned ($0.33) EPS. As a group, analysts predict that Liberty Oilfield Services Inc. will post -0.02 earnings per share for the current year.

In other news, CEO Christopher A. Wright sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $12.57, for a total transaction of $628,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Limited/Nv Schlumberger sold 7,224,173 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $11.60, for a total value of $83,800,406.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,276,673 shares of company stock worth $84,460,027. Insiders own 3.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Liberty Oilfield Services during the fourth quarter valued at about $26,000. Fieldpoint Private Securities LLC acquired a new stake in Liberty Oilfield Services in the fourth quarter worth about $57,000. UBS Group AG boosted its holdings in Liberty Oilfield Services by 807.2% in the third quarter. UBS Group AG now owns 5,271 shares of the company’s stock worth $64,000 after acquiring an additional 4,690 shares in the last quarter. Royal Bank of Canada boosted its holdings in Liberty Oilfield Services by 380.6% in the second quarter. Royal Bank of Canada now owns 7,003 shares of the company’s stock worth $100,000 after acquiring an additional 5,546 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in Liberty Oilfield Services by 5,231.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 10,663 shares of the company’s stock worth $104,000 after acquiring an additional 10,463 shares in the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

Liberty Oilfield Services Company Profile (NYSE:LBRT)

Liberty Oilfield Services Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.

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