Equities research analysts expect Liberty Oilfield Services Inc (NYSE:LBRT) to announce $502.55 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Liberty Oilfield Services’ earnings, with the highest sales estimate coming in at $515.00 million and the lowest estimate coming in at $496.77 million. Liberty Oilfield Services reported sales of $495.16 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The company is scheduled to announce its next earnings report on Thursday, May 9th.

On average, analysts expect that Liberty Oilfield Services will report full-year sales of $2.09 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.18 billion. For the next financial year, analysts expect that the company will post sales of $2.35 billion, with estimates ranging from $2.12 billion to $2.54 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Liberty Oilfield Services.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.04). Liberty Oilfield Services had a return on equity of 17.91% and a net margin of 5.86%. The business had revenue of $473.12 million for the quarter, compared to analysts’ expectations of $496.80 million.

Several equities research analysts have issued reports on the company. Barclays assumed coverage on Liberty Oilfield Services in a report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price objective on the stock. Goldman Sachs Group assumed coverage on Liberty Oilfield Services in a report on Sunday, March 10th. They issued a “neutral” rating and a $20.00 price target for the company. ValuEngine upgraded Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Cowen reiterated a “market perform” rating and issued a $16.00 price target (down from $18.00) on shares of Liberty Oilfield Services in a report on Thursday, February 7th. Finally, Zacks Investment Research downgraded Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a report on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.25.

In related news, insider Robert Day sold 1,500,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $16.03, for a total transaction of $24,045,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Energy Part Riverstone/Carlyle sold 76,471 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $17.00, for a total value of $1,300,007.00. The disclosure for this sale can be found here. Insiders sold a total of 1,646,471 shares of company stock valued at $26,551,981 over the last quarter. Company insiders own 6.19% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc boosted its position in Liberty Oilfield Services by 144.8% during the 3rd quarter. Vanguard Group Inc now owns 2,769,980 shares of the company’s stock worth $59,748,000 after acquiring an additional 1,638,479 shares during the period. BlackRock Inc. boosted its position in Liberty Oilfield Services by 169.1% during the 3rd quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock worth $78,392,000 after acquiring an additional 2,283,611 shares during the period. Clearbridge Investments LLC boosted its position in Liberty Oilfield Services by 1,066.7% during the 3rd quarter. Clearbridge Investments LLC now owns 1,074,169 shares of the company’s stock worth $23,170,000 after acquiring an additional 982,100 shares during the period. Vanguard Group Inc. boosted its position in Liberty Oilfield Services by 144.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,769,980 shares of the company’s stock worth $59,748,000 after acquiring an additional 1,638,479 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in Liberty Oilfield Services by 521.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 195,235 shares of the company’s stock worth $4,211,000 after acquiring an additional 163,827 shares during the period.

LBRT stock traded up $0.05 during midday trading on Wednesday, hitting $16.14. 474,596 shares of the company’s stock were exchanged, compared to its average volume of 580,144. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.14. Liberty Oilfield Services has a 12-month low of $12.32 and a 12-month high of $23.90. The company has a market capitalization of $1.81 billion, a PE ratio of 8.92 and a beta of 2.25.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. Liberty Oilfield Services’s dividend payout ratio (DPR) is 11.05%.

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. 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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Earnings History and Estimates for Liberty Oilfield Services (NYSE:LBRT)

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