Shares of Liberty Oilfield Services Inc (NYSE:LBRT) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.71.

LBRT has been the topic of a number of analyst reports. Zacks Investment Research raised Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research note on Wednesday. Tudor Pickering cut Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Cowen reaffirmed a “hold” rating and set a $20.00 target price on shares of Liberty Oilfield Services in a research note on Friday, April 13th. ValuEngine cut Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Morgan Stanley cut their target price on Liberty Oilfield Services from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 11th.

Liberty Oilfield Services traded up $0.11, hitting $18.26, during trading hours on Monday, according to Marketbeat. 9,221 shares of the company were exchanged, compared to its average volume of 592,761. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.91 and a quick ratio of 1.67. Liberty Oilfield Services has a 52 week low of $16.00 and a 52 week high of $23.90. The stock has a market capitalization of $2.16 billion and a P/E ratio of 20.64.

Liberty Oilfield Services (NYSE:LBRT) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). The business had revenue of $495.16 million during the quarter, compared to the consensus estimate of $489.08 million. equities research analysts anticipate that Liberty Oilfield Services will post 2.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. purchased a new stake in shares of Liberty Oilfield Services in the first quarter valued at approximately $160,000. Pendal Group Ltd purchased a new stake in shares of Liberty Oilfield Services in the first quarter valued at approximately $167,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Liberty Oilfield Services in the first quarter valued at approximately $183,000. GSA Capital Partners LLP purchased a new stake in shares of Liberty Oilfield Services in the first quarter valued at approximately $208,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Liberty Oilfield Services in the first quarter valued at approximately $214,000.

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 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.

Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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