Liberty Oilfield Services Inc (NYSE:LBRT) CFO Michael Stock sold 40,815 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $17.03, for a total value of $695,079.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
NYSE LBRT traded down $0.05 on Tuesday, reaching $16.95. The stock had a trading volume of 368,300 shares, compared to its average volume of 584,248. The firm has a market cap of $1.96 billion and a price-to-earnings ratio of 9.36. The company has a quick ratio of 2.18, a current ratio of 2.45 and a debt-to-equity ratio of 0.14. Liberty Oilfield Services Inc has a 12-month low of $12.32 and a 12-month high of $23.90.
Liberty Oilfield Services (NYSE:LBRT) last announced its earnings results on Tuesday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Liberty Oilfield Services had a net margin of 5.86% and a return on equity of 18.09%. The firm had revenue of $473.12 million during the quarter, compared to analysts’ expectations of $496.80 million. Analysts anticipate that Liberty Oilfield Services Inc will post 1.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, March 5th. Liberty Oilfield Services’s dividend payout ratio is currently 11.05%.
Several institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in Liberty Oilfield Services by 38.2% in the third quarter. FMR LLC now owns 5,977,773 shares of the company’s stock valued at $128,940,000 after acquiring an additional 1,653,623 shares in the last quarter. BlackRock Inc. boosted its stake in Liberty Oilfield Services by 169.1% in the third quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock valued at $78,392,000 after acquiring an additional 2,283,611 shares in the last quarter. Vanguard Group Inc. boosted its stake in Liberty Oilfield Services by 144.8% in the third quarter. Vanguard Group Inc. now owns 2,769,980 shares of the company’s stock valued at $59,748,000 after acquiring an additional 1,638,479 shares in the last quarter. Vanguard Group Inc boosted its stake in Liberty Oilfield Services by 144.8% in the third quarter. Vanguard Group Inc now owns 2,769,980 shares of the company’s stock valued at $59,748,000 after acquiring an additional 1,638,479 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Liberty Oilfield Services by 885.5% in the fourth quarter. Millennium Management LLC now owns 1,487,556 shares of the company’s stock valued at $19,264,000 after acquiring an additional 1,336,610 shares in the last quarter.
Several research firms have recently commented on LBRT. ValuEngine raised shares of Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Cowen reaffirmed a “market perform” rating and set a $16.00 price target (down previously from $18.00) on shares of Liberty Oilfield Services in a research report on Thursday, February 7th. Zacks Investment Research lowered shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 24th. Finally, Citigroup reduced their price target on shares of Liberty Oilfield Services from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.50.
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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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