Brokerages Set Liberty Oilfield Services Inc (LBRT) Price Target at $28.71

Liberty Oilfield Services Inc (NYSE:LBRT) has been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $28.71.

Several brokerages have recently commented on LBRT. Cowen reaffirmed a “hold” rating and issued a $20.00 price target on shares of Liberty Oilfield Services in a research note on Friday, April 13th. Citigroup began coverage on Liberty Oilfield Services in a research note on Tuesday, February 6th. They issued a “buy” rating on the stock. JPMorgan Chase started coverage on Liberty Oilfield Services in a research note on Tuesday, February 6th. They issued an “overweight” rating and a $34.00 price target on the stock. Zacks Investment Research downgraded Liberty Oilfield Services from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Wells Fargo started coverage on Liberty Oilfield Services in a report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price objective on the stock.

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Shares of Liberty Oilfield Services stock traded down $0.17 during trading hours on Friday, hitting $19.77. The company’s stock had a trading volume of 71,659 shares, compared to its average volume of 593,604. Liberty Oilfield Services has a twelve month low of $16.00 and a twelve month high of $23.78. The firm has a market cap of $2,280.91 and a PE ratio of 22.47. 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 (NYSE:LBRT) last announced its quarterly earnings results on Monday, March 12th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.36). The firm had revenue of $449.00 million during the quarter, compared to analyst estimates of $444.84 million. equities analysts expect that Liberty Oilfield Services will post 2.48 earnings per share for the current year.

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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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