Liberty Oilfield Services Inc (NYSE:LBRT) – Analysts at Capital One Financial boosted their Q1 2019 EPS estimates for Liberty Oilfield Services in a research note issued to investors on Wednesday, February 6th. Capital One Financial analyst L. Lemoine now anticipates that the company will earn $0.23 per share for the quarter, up from their previous forecast of $0.16. Capital One Financial also issued estimates for Liberty Oilfield Services’ Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.21 EPS, FY2019 earnings at $0.85 EPS and FY2020 earnings at $1.38 EPS.
Several other brokerages have also recently issued reports on LBRT. Zacks Investment Research raised shares of Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Citigroup cut shares of Liberty Oilfield Services from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Tuesday, October 23rd. ValuEngine cut shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research note on Friday, November 23rd. Finally, Cowen reaffirmed a “market perform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Liberty Oilfield Services in a research note on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.50.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in shares of Liberty Oilfield Services by 216.0% during the fourth quarter. Bank of New York Mellon Corp now owns 427,730 shares of the company’s stock worth $5,540,000 after purchasing an additional 292,368 shares during the period. Nikko Asset Management Americas Inc. bought a new position in Liberty Oilfield Services during the fourth quarter valued at approximately $1,067,000. New York State Common Retirement Fund raised its position in Liberty Oilfield Services by 202.1% during the fourth quarter. New York State Common Retirement Fund now owns 43,500 shares of the company’s stock valued at $563,000 after acquiring an additional 29,100 shares in the last quarter. South Dakota Investment Council bought a new position in Liberty Oilfield Services during the fourth quarter valued at approximately $453,000. Finally, Chicago Equity Partners LLC raised its position in Liberty Oilfield Services by 23.5% during the fourth quarter. Chicago Equity Partners LLC now owns 132,935 shares of the company’s stock valued at $1,722,000 after acquiring an additional 25,270 shares in the last quarter.
In other Liberty Oilfield Services news, Director Energy Part Riverstone/Carlyle sold 76,471 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $17.00, for a total value of $1,300,007.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. Liberty Oilfield Services’s dividend payout ratio is currently 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. 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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