Liberty Oilfield Services Inc (NYSE:LBRT) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,313,319 shares, a growth of 46.0% from the February 15th total of 2,268,845 shares. Based on an average daily trading volume, of 331,125 shares, the short-interest ratio is presently 10.0 days.
In other Liberty Oilfield Services news, Director Energy Part Riverstone/Carlyle sold 300,541 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $16.07, for a total transaction of $4,829,693.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of LBRT traded down $0.25 on Friday, reaching $17.52. The company’s stock had a trading volume of 370,760 shares, compared to its average volume of 612,900. The company has a current ratio of 1.60, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50. The company has a market cap of $2,070.55 and a price-to-earnings ratio of 19.91. Liberty Oilfield Services has a 12-month low of $16.00 and a 12-month high of $23.78.
Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Monday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.36). The company had revenue of $449.00 million for the quarter, compared to the consensus estimate of $444.84 million. analysts predict that Liberty Oilfield Services will post 2.71 EPS for the current fiscal year.
Several research firms have recently commented on LBRT. Cowen assumed coverage on shares of Liberty Oilfield Services in a research report on Wednesday, February 7th. They issued a “market perform” rating and a $22.00 target price for the company. Morgan Stanley initiated coverage on shares of Liberty Oilfield Services in a research note on Tuesday, February 6th. They set an “overweight” rating and a $27.00 price objective for the company. JPMorgan Chase started coverage on shares of Liberty Oilfield Services in a research note on Tuesday, February 6th. They set an “overweight” rating and a $34.00 price objective for the company. Piper Jaffray started coverage on shares of Liberty Oilfield Services in a research note on Tuesday, February 6th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Wells Fargo started coverage on shares of Liberty Oilfield Services in a research note on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $29.29.
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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. It has 19 active fleets. The company provides 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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