Liberty Oilfield Services (NYSE:LBRT) had its price target lowered by Wells Fargo & Co from $20.00 to $17.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also issued reports on LBRT. Morgan Stanley dropped their price objective on shares of Liberty Oilfield Services from $21.00 to $20.00 and set an overweight rating for the company in a research report on Friday, July 12th. Zacks Investment Research raised shares of Liberty Oilfield Services from a strong sell rating to a hold rating in a research report on Tuesday, August 6th. B. Riley started coverage on shares of Liberty Oilfield Services in a research report on Friday, May 17th. They issued a buy rating and a $20.00 price objective for the company. TheStreet lowered shares of Liberty Oilfield Services from a c- rating to a d+ rating in a research report on Thursday, August 22nd. Finally, AltaCorp Capital reissued an outperform rating on shares of Liberty Oilfield Services in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $20.67.

Liberty Oilfield Services stock opened at $11.15 on Thursday. Liberty Oilfield Services has a 52-week low of $9.85 and a 52-week high of $23.51. The firm has a fifty day moving average of $11.61 and a 200-day moving average of $14.33. The firm has a market capitalization of $1.23 billion, a P/E ratio of 6.16 and a beta of 2.38. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.24.

Liberty Oilfield Services (NYSE:LBRT) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Liberty Oilfield Services had a net margin of 4.42% and a return on equity of 12.43%. The company had revenue of $542.15 million during the quarter, compared to analyst estimates of $532.21 million. On average, research analysts expect that Liberty Oilfield Services will post 1.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.79%. Liberty Oilfield Services’s dividend payout ratio (DPR) is presently 11.05%.

In other news, Director Brett Staffieri sold 23,341 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total value of $241,579.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $14.61, for a total transaction of $116,880,000.00. The disclosure for this sale can be found here. 6.19% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in LBRT. Oakmont Corp purchased a new position in shares of Liberty Oilfield Services in the second quarter valued at $20,113,000. Balyasny Asset Management LLC bought a new position in Liberty Oilfield Services during the 2nd quarter valued at $15,948,000. Amundi Pioneer Asset Management Inc. bought a new position in Liberty Oilfield Services during the 2nd quarter valued at $51,459,000. Nuveen Asset Management LLC bought a new position in Liberty Oilfield Services during the 2nd quarter valued at $5,285,000. Finally, BlackRock Inc. boosted its stake in Liberty Oilfield Services by 4.8% during the 2nd quarter. BlackRock Inc. now owns 3,531,493 shares of the company’s stock valued at $57,139,000 after acquiring an additional 161,045 shares during the last quarter.

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. 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.

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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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