Christopher A. Wright Sells 54,100 Shares of Liberty Oilfield Services Inc. (NYSE:LBRT) Stock

Liberty Oilfield Services Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 54,100 shares of Liberty Oilfield Services stock in a transaction on Tuesday, October 12th. The stock was sold at an average price of $14.22, for a total transaction of $769,302.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

LBRT traded up $0.29 on Wednesday, reaching $14.63. 2,661,547 shares of the company traded hands, compared to its average volume of 1,323,843. Liberty Oilfield Services Inc. has a one year low of $6.20 and a one year high of $17.78. The firm has a fifty day simple moving average of $11.04 and a two-hundred day simple moving average of $12.35. The company has a market cap of $2.64 billion, a P/E ratio of -11.08 and a beta of 3.09. The company has a quick ratio of 1.12, a current ratio of 1.36 and a debt-to-equity ratio of 0.09.

Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings data on Tuesday, July 27th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). Liberty Oilfield Services had a negative net margin of 10.16% and a negative return on equity of 13.12%. The company had revenue of $581.29 million for the quarter, compared to the consensus estimate of $595.42 million. On average, equities analysts forecast that Liberty Oilfield Services Inc. will post -0.69 earnings per share for the current year.

LBRT has been the subject of a number of recent research reports. Bank of America raised shares of Liberty Oilfield Services from an “underperform” rating to a “neutral” rating and set a $15.75 price objective for the company in a research note on Monday, June 21st. Morgan Stanley lowered their target price on shares of Liberty Oilfield Services from $17.00 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, August 3rd. Seaport Global Securities assumed coverage on shares of Liberty Oilfield Services in a report on Thursday, July 15th. They issued a “neutral” rating and a $12.64 target price for the company. Atb Cap Markets lowered shares of Liberty Oilfield Services from an “outperform” rating to a “sector perform” rating in a report on Saturday. Finally, Royal Bank of Canada assumed coverage on shares of Liberty Oilfield Services in a report on Wednesday, September 8th. They issued a “sector perform” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.99.

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRT. Marshall Wace LLP increased its position in Liberty Oilfield Services by 95.7% during the 1st quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after purchasing an additional 4,425 shares during the period. Rhumbline Advisers increased its position in Liberty Oilfield Services by 4.6% during the 1st quarter. Rhumbline Advisers now owns 111,722 shares of the company’s stock valued at $1,261,000 after purchasing an additional 4,956 shares during the period. Swiss National Bank increased its position in Liberty Oilfield Services by 33.0% during the 1st quarter. Swiss National Bank now owns 204,200 shares of the company’s stock valued at $2,305,000 after purchasing an additional 50,700 shares during the period. BlackRock Inc. increased its position in Liberty Oilfield Services by 28.0% during the 1st quarter. BlackRock Inc. now owns 6,908,979 shares of the company’s stock valued at $78,003,000 after purchasing an additional 1,513,208 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Liberty Oilfield Services by 85.9% during the 1st quarter. Russell Investments Group Ltd. now owns 150,430 shares of the company’s stock valued at $1,697,000 after purchasing an additional 69,505 shares during the period. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Liberty Oilfield Services Company Profile

Liberty Oilfield Services, Inc engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Its hydraulic fracturing fleets consist of mobile hydraulic fracturing units and other auxiliary heavy equipment to perform fracturing services.

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