Cowen Reiterates “Hold” Rating for Liberty Oilfield Services (LBRT)

Liberty Oilfield Services (NYSE:LBRT)‘s stock had its “hold” rating reiterated by equities research analysts at Cowen in a report issued on Friday. They presently have a $20.00 price target on the stock. Cowen’s price target would indicate a potential upside of 7.01% from the company’s current price.

LBRT has been the subject of several other research reports. Piper Jaffray initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “overweight” rating and a $28.00 price objective for the company. Goldman Sachs initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued a “buy” rating and a $34.00 price objective for the company. Evercore ISI initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price objective for the company. Wells Fargo initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “overweight” rating and a $34.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.71.

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Shares of Liberty Oilfield Services stock opened at $18.69 on Friday. The stock has a market cap of $2,214.73 and a P/E ratio of 21.24. The company has a quick ratio of 1.34, a current ratio of 1.60 and a debt-to-equity ratio of 0.50. 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 announced its earnings results 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 analyst estimates of $444.84 million. equities research analysts forecast that Liberty Oilfield Services will post 2.61 EPS for the current fiscal year.

In other news, Director Energy Part Riverstone/Carlyle sold 300,541 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $16.07, for a total value of $4,829,693.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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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. 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.

Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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