Liberty Oilfield Services (NYSE:LBRT) Sets New 52-Week Low at $10.91

Liberty Oilfield Services Inc (NYSE:LBRT)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.91 and last traded at $10.92, with a volume of 11374 shares. The stock had previously closed at $11.21.

LBRT has been the topic of a number of research analyst reports. AltaCorp Capital restated an “outperform” rating on shares of Liberty Oilfield Services in a research note on Thursday, June 20th. B. Riley started coverage on Liberty Oilfield Services in a research report on Friday, May 17th. They set a “buy” rating and a $20.00 price objective for the company. ValuEngine downgraded Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, TheStreet raised Liberty Oilfield Services from a “d+” rating to a “c-” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $21.13.

The business has a fifty day moving average price of $13.31 and a 200-day moving average price of $14.96. 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 stock has a market capitalization of $1.32 billion, a PE ratio of 6.06 and a beta of 2.29.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Liberty Oilfield Services had a return on equity of 12.43% and a net margin of 4.42%. The firm had revenue of $542.15 million during the quarter, compared to analysts’ expectations of $532.21 million. On average, equities analysts anticipate that Liberty Oilfield Services Inc will post 1.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, September 5th. Liberty Oilfield Services’s payout ratio is currently 11.05%.

In other news, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $14.61, for a total value of $116,880,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.19% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its holdings in shares of Liberty Oilfield Services by 10.2% in 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 in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 last quarter. Albert D Mason Inc. lifted its stake in shares of 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 last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Liberty Oilfield Services in the 2nd quarter valued at about $61,000.

Liberty Oilfield Services Company Profile (NYSE:LBRT)

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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