Liberty Oilfield Services (NYSE:LBRT) had its price target reduced by Wells Fargo & Co from $20.00 to $17.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. TheStreet cut shares of Liberty Oilfield Services from a c- rating to a d+ rating in a report on Thursday, August 22nd. ValuEngine cut shares of Liberty Oilfield Services from a sell rating to a strong sell rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a strong sell rating to a hold rating in a report on Tuesday, August 6th. B. Riley initiated coverage on shares of Liberty Oilfield Services in a report on Friday, May 17th. They issued a buy rating and a $20.00 target price for the company. Finally, AltaCorp Capital reiterated an outperform rating on shares of Liberty Oilfield Services in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $20.67.

Shares of LBRT opened at $11.15 on Thursday. The firm’s 50 day moving average is $11.61 and its 200-day moving average is $14.33. The stock has a market capitalization of $1.23 billion, a P/E ratio of 6.16 and a beta of 2.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.80 and a quick ratio of 1.47. Liberty Oilfield Services has a 12-month low of $9.85 and a 12-month high of $23.51.

Liberty Oilfield Services (NYSE:LBRT) last announced its earnings results on Tuesday, July 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Liberty Oilfield Services had a net margin of 4.42% and a return on equity of 12.43%. The company had revenue of $542.15 million during the quarter, compared to analysts’ expectations of $532.21 million. As a group, equities research analysts forecast that Liberty Oilfield Services will post 1.1 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 5th. Liberty Oilfield Services’s dividend payout ratio is currently 11.05%.

In related news, Director Brett Staffieri sold 23,341 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $10.35, for a total transaction of $241,579.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Energy Part Riverstone/Carlyle sold 8,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $14.61, for a total transaction of $116,880,000.00. The disclosure for this sale can be found here. Company insiders own 6.19% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its holdings in shares of Liberty Oilfield Services by 10.2% during the second quarter. Parametric Portfolio Associates LLC now owns 13,225 shares of the company’s stock worth $214,000 after purchasing an additional 1,221 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Liberty Oilfield Services by 12.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 29,210 shares of the company’s stock valued at $450,000 after acquiring an additional 3,158 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Liberty Oilfield Services by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 233,516 shares of the company’s stock valued at $3,779,000 after acquiring an additional 3,224 shares in the last quarter. Bank of Montreal Can bought a new position in Liberty Oilfield Services during the second quarter valued at approximately $61,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Liberty Oilfield Services during the second quarter valued at approximately $69,000.

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. 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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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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