Liberty Oilfield Services Inc. (NYSE:LBRT) CEO Christopher A. Wright Sells 15,000 Shares

April 8th, 2021 - Comments Off - Filed Under - by Trevor Kearing

Liberty Oilfield Services Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $11.32, for a total value of $169,800.00. Following the transaction, the chief executive officer now owns 3,844,752 shares of the company’s stock, valued at approximately $43,522,592.64. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE LBRT opened at $11.27 on Thursday. The company has a quick ratio of 1.57, a current ratio of 2.03 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $11.86 and a two-hundred day simple moving average of $10.41. The firm has a market cap of $2.02 billion, a PE ratio of -10.34 and a beta of 3.31. Liberty Oilfield Services Inc. has a twelve month low of $2.40 and a twelve month high of $14.74.

Liberty Oilfield Services (NYSE:LBRT) last issued its earnings results on Friday, February 5th. The company reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.07. The business had revenue of $257.59 million during the quarter, compared to analyst estimates of $187.16 million. Liberty Oilfield Services had a negative return on equity of 11.01% and a negative net margin of 8.20%. On average, research analysts expect that Liberty Oilfield Services Inc. will post -1.34 earnings per share for the current year.

Several equities analysts have weighed in on the company. Wolfe Research cut Liberty Oilfield Services from a “peer perform” rating to an “underperform” rating in a report on Monday, January 11th. TheStreet upgraded Liberty Oilfield Services from a “d” rating to a “c-” rating in a report on Thursday, February 4th. Evercore ISI upgraded Liberty Oilfield Services from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $15.00 in a report on Wednesday, January 27th. B. Riley lifted their target price on Liberty Oilfield Services from $12.50 to $15.00 and gave the stock a “buy” rating in a report on Monday, February 8th. Finally, Citigroup lifted their target price on Liberty Oilfield Services from $12.00 to $14.00 in a report on Monday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Liberty Oilfield Services currently has a consensus rating of “Hold” and an average price target of $11.82.

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in Liberty Oilfield Services by 766.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 244,435 shares of the company’s stock valued at $1,953,000 after purchasing an additional 216,235 shares in the last quarter. Profund Advisors LLC raised its position in Liberty Oilfield Services by 20.5% during the 3rd quarter. Profund Advisors LLC now owns 14,794 shares of the company’s stock valued at $118,000 after purchasing an additional 2,520 shares in the last quarter. Strs Ohio raised its position in Liberty Oilfield Services by 5.0% during the 3rd quarter. Strs Ohio now owns 69,700 shares of the company’s stock valued at $556,000 after purchasing an additional 3,300 shares in the last quarter. SG Americas Securities LLC bought a new stake in Liberty Oilfield Services during the 4th quarter valued at $285,000. Finally, California Public Employees Retirement System raised its position in Liberty Oilfield Services by 5.3% during the 3rd quarter. California Public Employees Retirement System now owns 146,677 shares of the company’s stock valued at $1,172,000 after purchasing an additional 7,400 shares in the last quarter.

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.