Liberty Oilfield Services (NYSE:LBRT) Lowered to “Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of Liberty Oilfield Services (NYSE:LBRT) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Liberty Oilfield Services Inc. is a provider of hydraulic fracturing services to onshore oil and natural gas exploration and production companies primarily in North America. Liberty Oilfield Services Inc. is based in DENVER, United States. “

A number of other equities research analysts also recently weighed in on LBRT. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. AltaCorp Capital restated a sector perform rating on shares of STEP Energy Services in a research report on Thursday, June 20th. Barclays began coverage on Liberty Oilfield Services in a research report on Tuesday, March 12th. They issued an overweight rating and a $19.00 target price for the company. Finally, B. Riley set a $2.00 target price on Ascena Retail Group and gave the stock a hold rating in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $22.11.

NYSE:LBRT opened at $15.04 on Wednesday. Liberty Oilfield Services has a 52 week low of $12.32 and a 52 week high of $23.51. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 8.64 and a beta of 2.32. The company’s 50 day moving average is $14.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.75 and a quick ratio of 1.48.

Liberty Oilfield Services (NYSE:LBRT) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Liberty Oilfield Services had a return on equity of 16.35% and a net margin of 5.50%. The business had revenue of $535.15 million during the quarter, compared to analyst estimates of $502.55 million. On average, sell-side analysts forecast that Liberty Oilfield Services will post 1.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Liberty Oilfield Services’s dividend payout ratio (DPR) is 11.05%.

In other news, President Ron Gusek sold 20,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $14.61, for a total value of $116,880,000.00. The disclosure for this sale can be found here. Insiders sold 8,171,309 shares of company stock valued at $119,803,153 over the last 90 days. 6.19% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in LBRT. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Liberty Oilfield Services by 12.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 29,210 shares of the company’s stock valued at $450,000 after purchasing an additional 3,158 shares in the last quarter. Albert D Mason Inc. lifted its holdings in shares of Liberty Oilfield Services by 8.0% in the first quarter. Albert D Mason Inc. now owns 47,810 shares of the company’s stock valued at $736,000 after purchasing an additional 3,540 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Liberty Oilfield Services by 95.7% in the first quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after purchasing an additional 4,425 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Liberty Oilfield Services in the first quarter valued at $90,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Liberty Oilfield Services by 61.0% in the fourth quarter. Squarepoint Ops LLC now owns 20,602 shares of the company’s stock valued at $267,000 after purchasing an additional 7,802 shares in the last quarter.

About Liberty Oilfield Services

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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