Liberty Oilfield Services (NYSE:LBRT) Price Target Raised to $20.00 at Morgan Stanley

Liberty Oilfield Services (NYSE:LBRTGet Rating) had its target price hoisted by Morgan Stanley from $15.00 to $20.00 in a research report sent to investors on Monday morning, MarketBeat reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Bank of America raised Liberty Oilfield Services from a neutral rating to a buy rating in a report on Friday, March 11th. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a sell rating to a hold rating and set a $10.00 price objective for the company in a research report on Monday, January 3rd. Stifel Nicolaus boosted their target price on shares of Liberty Oilfield Services from $15.00 to $18.00 in a report on Friday, April 8th. Finally, Wells Fargo & Company cut shares of Liberty Oilfield Services from an overweight rating to an equal weight rating and upped their target price for the company from $14.00 to $15.00 in a research report on Thursday, March 31st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $15.09.

LBRT opened at $16.81 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $13.63 and a 200 day moving average of $12.20. Liberty Oilfield Services has a fifty-two week low of $8.50 and a fifty-two week high of $17.78.

Liberty Oilfield Services (NYSE:LBRTGet Rating) last issued its earnings results on Tuesday, February 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.13). Liberty Oilfield Services had a negative return on equity of 14.40% and a negative net margin of 7.25%. The firm had revenue of $683.74 million during the quarter, compared to the consensus estimate of $677.36 million. During the same period last year, the firm posted ($0.33) earnings per share. Sell-side analysts predict that Liberty Oilfield Services will post -0.05 earnings per share for the current year.

In related news, major shareholder Limited/Nv Schlumberger sold 7,224,173 shares of the business’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $11.60, for a total value of $83,800,406.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher A. Wright sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $12.57, for a total value of $628,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,276,673 shares of company stock valued at $84,460,027 over the last three months. 3.40% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of LBRT. Barclays PLC increased its stake in shares of Liberty Oilfield Services by 56.5% during the fourth quarter. Barclays PLC now owns 110,318 shares of the company’s stock valued at $1,070,000 after buying an additional 39,830 shares during the period. BlackRock Inc. increased its position in Liberty Oilfield Services by 0.7% during the 4th quarter. BlackRock Inc. now owns 6,625,793 shares of the company’s stock valued at $64,272,000 after purchasing an additional 45,567 shares during the period. California State Teachers Retirement System raised its holdings in shares of Liberty Oilfield Services by 5.6% in the 4th quarter. California State Teachers Retirement System now owns 131,943 shares of the company’s stock valued at $1,280,000 after purchasing an additional 6,993 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Liberty Oilfield Services by 19.5% in the 4th quarter. Parametric Portfolio Associates LLC now owns 337,680 shares of the company’s stock worth $3,275,000 after purchasing an additional 55,209 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its stake in shares of Liberty Oilfield Services by 16.4% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 23,338 shares of the company’s stock valued at $226,000 after purchasing an additional 3,292 shares in the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

About Liberty Oilfield Services (Get Rating)

Liberty Oilfield Services Inc provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies.

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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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