Liberty Oilfield Services Inc (LBRT) Plans Quarterly Dividend of $0.05

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Liberty Oilfield Services Inc (NYSE:LBRT) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Investors of record on Thursday, June 6th will be paid a dividend of 0.05 per share on Thursday, June 20th. This represents a $0.20 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, June 5th.

Liberty Oilfield Services has a dividend payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Liberty Oilfield Services to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.0%.

Shares of LBRT opened at $16.62 on Thursday. The company has a market cap of $1.98 billion, a P/E ratio of 9.18 and a beta of 2.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.83 and a current ratio of 2.10. Liberty Oilfield Services has a twelve month low of $12.32 and a twelve month high of $23.90.

Liberty Oilfield Services (NYSE:LBRT) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.04). The business had revenue of $473.12 million for the quarter, compared to the consensus estimate of $496.80 million. Liberty Oilfield Services had a net margin of 5.86% and a return on equity of 17.91%. Analysts predict that Liberty Oilfield Services will post 1.03 earnings per share for the current year.

In other Liberty Oilfield Services news, CFO Michael Stock sold 40,815 shares of Liberty Oilfield Services stock in a transaction on Friday, February 15th. The stock was sold at an average price of $17.03, for a total transaction of $695,079.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Ron Gusek sold 25,000 shares of Liberty Oilfield Services stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $17.63, for a total value of $440,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,736,471 shares of company stock valued at $28,082,881. Company insiders own 6.19% of the company’s stock.

Several brokerages have commented on LBRT. Zacks Investment Research upgraded Liberty Oilfield Services from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. ValuEngine upgraded Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Cowen reiterated a “market perform” rating and set a $16.00 price target (down previously from $18.00) on shares of Liberty Oilfield Services in a report on Thursday, February 7th. Barclays began coverage on Liberty Oilfield Services in a report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price target on the stock. Finally, Goldman Sachs Group began coverage on Liberty Oilfield Services in a report on Sunday, March 10th. They set a “neutral” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.25.

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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.

Further Reading: Average Daily Trade Volume – ADTV

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