Capital One Financial Comments on Liberty Oilfield Services Inc’s FY2020 Earnings (LBRT)

Liberty Oilfield Services Inc (NYSE:LBRT) – Investment analysts at Capital One Financial issued their FY2020 earnings per share estimates for Liberty Oilfield Services in a research report issued to clients and investors on Wednesday, October 31st. Capital One Financial analyst L. Lemoine forecasts that the company will post earnings per share of $2.57 for the year. Capital One Financial has a “Overweight” rating on the stock.

LBRT has been the topic of a number of other research reports. Citigroup cut their target price on shares of Liberty Oilfield Services from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, July 9th. Stifel Nicolaus assumed coverage on shares of Liberty Oilfield Services in a research note on Monday, September 10th. They issued a “buy” rating and a $21.00 target price on the stock. Zacks Investment Research lowered shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 21st. ValuEngine lowered shares of Liberty Oilfield Services from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $30.00 price objective on shares of Liberty Oilfield Services in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $27.22.

Shares of Liberty Oilfield Services stock opened at $19.84 on Friday. The stock has a market capitalization of $2.34 billion and a PE ratio of 22.55. The company has a current ratio of 2.52, a quick ratio of 2.22 and a debt-to-equity ratio of 0.14. Liberty Oilfield Services has a 1 year low of $16.00 and a 1 year high of $23.90.

Liberty Oilfield Services (NYSE:LBRT) last issued its earnings results on Tuesday, October 30th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The company had revenue of $558.78 million during the quarter, compared to analyst estimates of $579.03 million. Liberty Oilfield Services had a net margin of 6.03% and a return on equity of 22.01%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. grew its position in Liberty Oilfield Services by 70.9% in the 2nd 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 last quarter. Albert D Mason Inc. grew its position in Liberty Oilfield Services by 29.7% in the 2nd quarter. Albert D Mason Inc. now owns 45,550 shares of the company’s stock worth $853,000 after purchasing an additional 10,420 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Liberty Oilfield Services in the 1st quarter worth about $183,000. Meeder Asset Management Inc. bought a new position in Liberty Oilfield Services in the 2nd quarter worth about $218,000. Finally, GSA Capital Partners LLP grew its position in Liberty Oilfield Services by 111.7% in the 2nd quarter. GSA Capital Partners LLP now owns 26,037 shares of the company’s stock worth $487,000 after purchasing an additional 13,737 shares during the last quarter.

In other Liberty Oilfield Services news, insider Robert Day sold 3,000,000 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $21.00, for a total value of $63,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $18.96, for a total transaction of $47,232,393.60. The disclosure for this sale can be found here.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.01%. Liberty Oilfield Services’s dividend payout ratio (DPR) is 22.73%.

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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Earnings History and Estimates for Liberty Oilfield Services (NYSE:LBRT)

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