Brokerages forecast that Liberty Oilfield Services Inc (NYSE:LBRT) will announce earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Liberty Oilfield Services’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.26. Liberty Oilfield Services reported earnings per share of $0.49 in the same quarter last year, which would indicate a negative year-over-year growth rate of 36.7%. The company is expected to announce its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that Liberty Oilfield Services will report full year earnings of $1.12 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.23. For the next fiscal year, analysts expect that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.04 to $2.13. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Liberty Oilfield Services.
Liberty Oilfield Services (NYSE:LBRT) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $542.15 million during the quarter, compared to the consensus estimate of $532.21 million. Liberty Oilfield Services had a net margin of 4.42% and a return on equity of 12.43%.
Several equities analysts recently issued reports on LBRT shares. ValuEngine downgraded shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Morgan Stanley cut their price target on shares of Liberty Oilfield Services from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, July 12th. TheStreet raised shares of Liberty Oilfield Services from a “d+” rating to a “c-” rating in a report on Thursday, July 11th. Zacks Investment Research raised shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, B. Riley assumed coverage on shares of Liberty Oilfield Services in a report on Friday, May 17th. They set a “buy” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.13.
In other news, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of Liberty Oilfield Services stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $14.61, for a total transaction of $116,880,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.19% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $61,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $69,000. NumerixS Investment Technologies Inc bought a new position in Liberty Oilfield Services in the first quarter valued at approximately $90,000. Aperio Group LLC bought a new position in Liberty Oilfield Services in the second quarter valued at approximately $109,000. Finally, Marshall Wace LLP lifted its stake in Liberty Oilfield Services by 95.7% in the first quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after buying an additional 4,425 shares in the last quarter.
Shares of NYSE:LBRT traded down $0.01 during midday trading on Friday, reaching $11.25. 23,616 shares of the company’s stock were exchanged, compared to its average volume of 855,022. The company’s 50 day simple moving average is $13.39 and its two-hundred day simple moving average is $14.98. The firm has a market capitalization of $1.33 billion, a PE ratio of 6.20 and a beta of 2.29. Liberty Oilfield Services has a 12 month low of $10.96 and a 12 month high of $23.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio is 11.05%.
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. The company offers 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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