Equities research analysts expect Liberty Oilfield Services Inc (NYSE:LBRT) to post $0.30 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Liberty Oilfield Services’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.26. Liberty Oilfield Services posted earnings per share of $0.49 in the same quarter last year, which indicates a negative year-over-year growth rate of 38.8%. The company is expected to report its next earnings report on Tuesday, October 29th.
On average, analysts expect that Liberty Oilfield Services will report full year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.23. For the next financial year, analysts forecast that the firm will report earnings of $1.32 per share, with EPS estimates ranging from $1.00 to $2.13. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Liberty Oilfield Services.
Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Liberty Oilfield Services had a net margin of 4.42% and a return on equity of 12.43%. The firm had revenue of $542.15 million during the quarter, compared to analyst estimates of $532.21 million.
In other news, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the 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 legal filing with the SEC, which is available through the SEC website. Also, Director Brett Staffieri sold 23,341 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total transaction of $241,579.35. The disclosure for this sale can be found here. 6.19% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $51,459,000. Nuveen Asset Management LLC bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $5,285,000. Price T Rowe Associates Inc. MD bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $2,359,000. UBS Asset Management Americas Inc. bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $409,000. Finally, Marshall Wace LLP boosted its stake in Liberty Oilfield Services by 60.1% in the second quarter. Marshall Wace LLP now owns 14,493 shares of the company’s stock valued at $234,000 after acquiring an additional 5,443 shares during the last quarter.
NYSE:LBRT traded up $0.95 during mid-day trading on Monday, hitting $12.10. The company’s stock had a trading volume of 75,263 shares, compared to its average volume of 679,278. Liberty Oilfield Services has a fifty-two week low of $9.85 and a fifty-two week high of $23.51. 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 company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.75 and a beta of 2.38. The stock has a fifty day moving average of $11.61 and a 200-day moving average of $14.33.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.65%. Liberty Oilfield Services’s dividend payout ratio (DPR) is currently 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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