Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have earned an average rating of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $21.13.
LBRT has been the subject of a number of research analyst reports. B. Riley initiated coverage on shares of Liberty Oilfield Services in a research note on Friday, May 17th. They issued a “buy” rating and a $20.00 price target for the company. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine lowered shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. AltaCorp Capital reiterated an “outperform” rating on shares of Liberty Oilfield Services in a research note on Thursday, June 20th. Finally, Morgan Stanley reduced their price target on shares of Liberty Oilfield Services from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, July 12th.
Shares of LBRT stock traded up $0.19 during trading hours on Friday, reaching $11.78. The company had a trading volume of 774,900 shares, compared to its average volume of 870,066. The business has a fifty day moving average price of $13.75 and a 200-day moving average price of $15.05. Liberty Oilfield Services has a one year low of $10.96 and a one year high of $23.51. The firm has a market cap of $1.27 billion, a PE ratio of 6.51 and a beta of 2.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.80.
In related news, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.19% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its position in Liberty Oilfield Services by 3.0% during the fourth quarter. FMR LLC now owns 6,156,284 shares of the company’s stock valued at $79,724,000 after buying an additional 178,511 shares during the period. JFG Wealth Management LLC boosted its position in shares of Liberty Oilfield Services by 3.9% in the second quarter. JFG Wealth Management LLC now owns 4,252,850 shares of the company’s stock worth $57,456,000 after purchasing an additional 157,802 shares during the period. BlackRock Inc. boosted its position in shares of Liberty Oilfield Services by 4.8% in the second quarter. BlackRock Inc. now owns 3,531,493 shares of the company’s stock worth $57,139,000 after purchasing an additional 161,045 shares during the period. Oakmont Corp bought a new position in shares of Liberty Oilfield Services in the second quarter worth approximately $20,113,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Liberty Oilfield Services in the second quarter worth approximately $15,948,000.
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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