Liberty Oilfield Services Inc (NYSE:LBRT) – Equities research analysts at Capital One Financial decreased their Q1 2019 earnings estimates for shares of Liberty Oilfield Services in a research note issued on Tuesday, September 11th. Capital One Financial analyst L. Lemoine now forecasts that the company will post earnings per share of $0.56 for the quarter, down from their prior forecast of $0.60. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Liberty Oilfield Services’ FY2019 earnings at $1.38 EPS.

Other analysts have also issued reports about the stock. Citigroup upped their target price on shares of Liberty Oilfield Services from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research lowered shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 21st. Piper Jaffray Companies restated a “buy” rating and set a $30.00 target price on shares of Liberty Oilfield Services in a research note on Thursday, August 9th. Morgan Stanley upped their target price on shares of Liberty Oilfield Services from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 6th. Finally, Tudor Pickering lowered shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.89.

LBRT stock opened at $19.05 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.22 and a current ratio of 2.52. Liberty Oilfield Services has a fifty-two week low of $16.00 and a fifty-two week high of $23.90. The company has a market cap of $2.12 billion and a P/E ratio of 21.78.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Wednesday, August 1st. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. The firm had revenue of $628.08 million for the quarter, compared to analysts’ expectations of $543.64 million.

The firm also recently declared a special dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, September 6th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, September 5th. Liberty Oilfield Services’s dividend payout ratio (DPR) is 22.73%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Liberty Oilfield Services in the first quarter valued at approximately $25,770,000. Carlyle Group L.P. acquired a new position in Liberty Oilfield Services in the first quarter valued at approximately $851,337,000. Meghalaya Partners L.P. acquired a new position in Liberty Oilfield Services in the first quarter valued at approximately $2,407,000. Legal & General Group Plc acquired a new position in Liberty Oilfield Services in the first quarter valued at approximately $839,000. Finally, Bamco Inc. NY acquired a new position in Liberty Oilfield Services in the first quarter valued at approximately $253,000.

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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Earnings History and Estimates for Liberty Oilfield Services (NYSE:LBRT)

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