Liberty Oilfield Services (LBRT) Announces Earnings Results
Liberty Oilfield Services (NYSE:LBRT) posted its earnings results on Monday. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.36), Briefing.com reports. The business had revenue of $449.00 million during the quarter, compared to the consensus estimate of $444.84 million.
Shares of Liberty Oilfield Services (NYSE:LBRT) opened at $18.44 on Wednesday. Liberty Oilfield Services has a 12-month low of $16.80 and a 12-month high of $23.78.
A number of analysts have commented on the company. ValuEngine downgraded Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup initiated coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued a “buy” rating on the stock. Wells Fargo & Co initiated coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “overweight” rating and a $34.00 price objective on the stock. Finally, Cowen initiated coverage on Liberty Oilfield Services in a research report on Wednesday, February 7th. They issued a “market perform” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $29.29.
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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. It has 19 active fleets. The company 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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