Liberty Oilfield Services Inc. (NYSE:LBRT – Get Rating) – Capital One Financial lifted their Q2 2022 earnings per share estimates for shares of Liberty Oilfield Services in a research report issued to clients and investors on Monday, April 18th. Capital One Financial analyst L. Lemoine now forecasts that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.09). Capital One Financial also issued estimates for Liberty Oilfield Services’ Q3 2022 earnings at $0.14 EPS, Q4 2022 earnings at $0.13 EPS, FY2022 earnings at $0.09 EPS, Q1 2023 earnings at $0.11 EPS, Q2 2023 earnings at $0.15 EPS, Q3 2023 earnings at $0.21 EPS, Q4 2023 earnings at $0.19 EPS and FY2023 earnings at $0.66 EPS.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Liberty Oilfield Services from $15.00 to $18.00 in a research report on Friday, April 8th. Morgan Stanley raised their price target on shares of Liberty Oilfield Services from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, April 11th. Wells Fargo & Company cut shares of Liberty Oilfield Services from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $14.00 to $15.00 in a research report on Thursday, March 31st. Bank of America raised shares of Liberty Oilfield Services from a “neutral” rating to a “buy” rating in a research report on Friday, March 11th. Finally, Piper Sandler raised their price target on shares of Liberty Oilfield Services from $12.25 to $17.60 and gave the company a “neutral” rating in a research report on Wednesday, April 13th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Liberty Oilfield Services has a consensus rating of “Hold” and a consensus target price of $15.36.
Liberty Oilfield Services (NYSE:LBRT – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.13. The company had revenue of $792.77 million for the quarter, compared to analysts’ expectations of $739.42 million. Liberty Oilfield Services had a negative net margin of 7.25% and a negative return on equity of 14.40%. The business’s revenue was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS.
A number of institutional investors have recently added to or reduced their stakes in LBRT. Marshall Wace LLP grew its stake in Liberty Oilfield Services by 95.7% in the 1st quarter. Marshall Wace LLP now owns 9,050 shares of the company’s stock valued at $139,000 after buying an additional 4,425 shares in the last quarter. Royal Bank of Canada grew its position in shares of Liberty Oilfield Services by 380.6% during the 2nd quarter. Royal Bank of Canada now owns 7,003 shares of the company’s stock valued at $100,000 after purchasing an additional 5,546 shares in the last quarter. Morgan Stanley grew its position in shares of Liberty Oilfield Services by 157.3% during the 2nd quarter. Morgan Stanley now owns 664,951 shares of the company’s stock valued at $9,416,000 after purchasing an additional 406,552 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Liberty Oilfield Services during the 3rd quarter valued at $230,000. Finally, SG Americas Securities LLC grew its position in shares of Liberty Oilfield Services by 6.8% during the 3rd quarter. SG Americas Securities LLC now owns 52,218 shares of the company’s stock valued at $633,000 after purchasing an additional 3,329 shares in the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.
In other news, CEO Christopher A. Wright sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $12.57, for a total transaction of $628,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Limited/Nv Schlumberger sold 7,224,173 shares of the firm’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 transaction of $83,800,406.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,276,673 shares of company stock valued at $84,460,027. 3.40% of the stock is currently owned by company insiders.
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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