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

Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.71.

Several research firms recently weighed in on LBRT. Zacks Investment Research upgraded Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research report on Wednesday. Tudor Pickering downgraded Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Cowen reiterated a “hold” rating and set a $20.00 target price on shares of Liberty Oilfield Services in a research report on Friday, April 13th. Morgan Stanley lowered their price objective on Liberty Oilfield Services from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 11th. Finally, ValuEngine downgraded Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th.

Institutional investors have recently made changes to their positions in the company. American International Group Inc. bought a new stake in shares of Liberty Oilfield Services in the first quarter worth about $160,000. Pendal Group Ltd bought a new stake in shares of Liberty Oilfield Services in the first quarter worth about $167,000. The Manufacturers Life Insurance Company bought a new stake in shares of Liberty Oilfield Services in the first quarter worth about $183,000. GSA Capital Partners LLP bought a new stake in shares of Liberty Oilfield Services in the first quarter worth about $208,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Liberty Oilfield Services in the first quarter worth about $214,000.

NYSE LBRT traded up $0.11 on Monday, hitting $18.26. 9,221 shares of the company traded hands, compared to its average volume of 592,761. The company has a market capitalization of $2.16 billion and a PE ratio of 20.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.67 and a current ratio of 1.91. Liberty Oilfield Services has a 52-week low of $16.00 and a 52-week high of $23.90.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Thursday, May 10th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). The company had revenue of $495.16 million during the quarter, compared to the consensus estimate of $489.08 million. sell-side analysts forecast that Liberty Oilfield Services will post 2.32 EPS for the current year.

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. 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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