Liberty Oilfield Services (NYSE:LBRT) had its price objective reduced by analysts at JPMorgan Chase & Co. from $31.00 to $30.00 in a research report issued to clients and investors on Monday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 42.86% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Citigroup upped their price target on Liberty Oilfield Services from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research lowered Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $30.00 price target on shares of Liberty Oilfield Services in a research note on Thursday, August 9th. Morgan Stanley upped their price target on Liberty Oilfield Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, August 6th. Finally, Tudor Pickering lowered Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Liberty Oilfield Services currently has a consensus rating of “Buy” and an average price target of $27.44.

Liberty Oilfield Services stock opened at $21.00 on Monday. The company has a current ratio of 2.52, a quick ratio of 2.22 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.36 billion and a price-to-earnings ratio of 23.86. Liberty Oilfield Services has a 52 week low of $16.00 and a 52 week high of $23.90.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The business had revenue of $628.08 million during the quarter, compared to analyst estimates of $543.64 million. research analysts anticipate that Liberty Oilfield Services will post 2.39 earnings per share for the current year.

In other news, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $18.96, for a total transaction of $47,232,393.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carlyle Group L.P. bought a new stake in Liberty Oilfield Services in the first quarter valued at about $851,337,000. FMR LLC increased its holdings in Liberty Oilfield Services by 263.1% in the second quarter. FMR LLC now owns 4,324,150 shares of the company’s stock valued at $80,949,000 after purchasing an additional 3,133,409 shares during the last quarter. Franklin Resources Inc. bought a new stake in Liberty Oilfield Services in the first quarter valued at about $26,341,000. BlackRock Inc. bought a new stake in Liberty Oilfield Services in the first quarter valued at about $25,770,000. Finally, Wells Fargo & Company MN bought a new stake in Liberty Oilfield Services in the first quarter valued at about $16,013,000.

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 provides its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.

See Also: What are CEFs?

Stock Target Advisor

Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

Receive News & Ratings for Liberty Oilfield Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Oilfield Services and related companies with MarketBeat.com's FREE daily email newsletter.