Liberty Oilfield Services (NYSE:LBRT) Hits New 52-Week High at $12.65

Shares of Liberty Oilfield Services Inc. (NYSE:LBRT) reached a new 52-week high on Tuesday . The stock traded as high as $12.65 and last traded at $12.65, with a volume of 41 shares trading hands. The stock had previously closed at $12.16.

Several brokerages recently weighed in on LBRT. Wolfe Research downgraded Liberty Oilfield Services from a “peer perform” rating to an “underperform” rating in a report on Monday. Wells Fargo & Company downgraded Liberty Oilfield Services from an “overweight” rating to an “equal weight” rating in a report on Monday, December 7th. Scotiabank downgraded Liberty Oilfield Services from a “sector outperform” rating to a “sector perform” rating and set a $8.00 price target for the company. in a report on Tuesday, October 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Liberty Oilfield Services from $7.00 to $12.00 in a report on Tuesday, December 15th. Finally, Bank of America downgraded Liberty Oilfield Services from a “buy” rating to a “neutral” rating in a report on Tuesday, October 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Liberty Oilfield Services presently has an average rating of “Hold” and an average target price of $9.38.

The firm has a market cap of $1.37 billion, a PE ratio of -11.17 and a beta of 3.30. The business has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $8.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.03 and a quick ratio of 1.57.

Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings results on Tuesday, October 27th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.03. Liberty Oilfield Services had a negative return on equity of 11.01% and a negative net margin of 8.20%. The business had revenue of $147.50 million during the quarter, compared to analysts’ expectations of $127.92 million. Equities analysts expect that Liberty Oilfield Services Inc. will post -1.34 earnings per share for the current fiscal year.

In related news, President Ron Gusek sold 10,000 shares of Liberty Oilfield Services stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $10.96, for a total transaction of $109,600.00. Following the completion of the sale, the president now owns 1,417,010 shares in the company, valued at approximately $15,530,429.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Stock sold 43,000 shares of Liberty Oilfield Services stock in a transaction dated Monday, January 4th. The stock was sold at an average price of $10.37, for a total value of $445,910.00. Following the sale, the chief financial officer now owns 1,417,977 shares of the company’s stock, valued at approximately $14,704,421.49. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Several large investors have recently made changes to their positions in LBRT. FMR LLC increased its holdings in Liberty Oilfield Services by 54.9% during the 2nd quarter. FMR LLC now owns 6,831,199 shares of the company’s stock worth $37,435,000 after purchasing an additional 2,421,719 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Liberty Oilfield Services in the 3rd quarter valued at approximately $19,057,000. Exor Investments UK LLP bought a new stake in shares of Liberty Oilfield Services in the 3rd quarter valued at approximately $9,610,000. Vanguard Group Inc. boosted its position in Liberty Oilfield Services by 10.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,794,342 shares of the company’s stock valued at $31,754,000 after purchasing an additional 559,245 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in Liberty Oilfield Services by 77.2% during the 3rd quarter. Epoch Investment Partners Inc. now owns 992,432 shares of the company’s stock valued at $7,929,000 after purchasing an additional 432,327 shares during the period.

Liberty Oilfield Services Company Profile (NYSE:LBRT)

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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