Liberty Oilfield Services Inc (NYSE:LBRT) Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $18.96, for a total transaction of $47,232,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE LBRT opened at $20.00 on Tuesday. The stock has a market capitalization of $2.27 billion and a P/E ratio of 22.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.52 and a quick ratio of 2.22. Liberty Oilfield Services Inc has a twelve month low of $16.00 and a twelve month high of $23.90.
Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The business had revenue of $628.08 million for the quarter, compared to the consensus estimate of $543.64 million. sell-side analysts anticipate that Liberty Oilfield Services Inc will post 2.39 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 5th. Liberty Oilfield Services’s dividend payout ratio is 22.73%.
Several research firms recently weighed in on LBRT. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 30th. Tudor Pickering cut shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Citigroup increased their target price on shares of Liberty Oilfield Services from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Morgan Stanley increased their target price on shares of Liberty Oilfield Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, August 6th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $30.00 target price on shares of Liberty Oilfield Services in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Liberty Oilfield Services currently has a consensus rating of “Buy” and an average price target of $27.89.
Institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. bought a new position in Liberty Oilfield Services during the first quarter worth about $160,000. Sei Investments Co. lifted its stake in Liberty Oilfield Services by 70.9% during the second quarter. Sei Investments Co. now owns 8,764 shares of the company’s stock worth $164,000 after purchasing an additional 3,637 shares during the period. Pendal Group Ltd bought a new position in Liberty Oilfield Services during the first quarter worth about $167,000. The Manufacturers Life Insurance Company bought a new position in Liberty Oilfield Services during the first quarter worth about $183,000. Finally, GSA Capital Partners LLP bought a new position in Liberty Oilfield Services during the first quarter worth about $208,000.
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. It 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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