Liberty Oilfield Services Inc (LBRT) Given Average Rating of “Buy” by Brokerages
Liberty Oilfield Services Inc (NYSE:LBRT) has been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $28.71.
Several brokerages have recently weighed in on LBRT. Cowen restated a “hold” rating and issued a $20.00 target price on shares of Liberty Oilfield Services in a research note on Friday, April 13th. Citigroup began coverage on shares of Liberty Oilfield Services in a report on Tuesday, February 6th. They issued a “buy” rating on the stock. JPMorgan Chase began coverage on shares of Liberty Oilfield Services in a report on Tuesday, February 6th. They issued an “overweight” rating and a $34.00 price target on the stock. Zacks Investment Research cut shares of Liberty Oilfield Services from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Wells Fargo began coverage on shares of Liberty Oilfield Services in a report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price target on the stock.
Shares of LBRT stock opened at $19.48 on Friday. The firm has a market capitalization of $2,302.19 and a PE ratio of 22.14. The company has a quick ratio of 1.34, a current ratio of 1.60 and a debt-to-equity ratio of 0.50. Liberty Oilfield Services has a twelve month low of $16.00 and a twelve month high of $23.78.
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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 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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