Zacks: Brokerages Expect Liberty Oilfield Services Inc. (NYSE:LBRT) to Post $0.12 Earnings Per Share

Equities research analysts forecast that Liberty Oilfield Services Inc. (NYSE:LBRT – Get Rating) will report earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Liberty Oilfield Services’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at ($0.05). Liberty Oilfield Services reported earnings per share of ($0.29) during the same quarter last year, which suggests a positive year-over-year growth rate of 141.4%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Liberty Oilfield Services will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.69. For the next year, analysts anticipate that the company will post earnings of $1.23 per share, with EPS estimates ranging from $0.79 to $1.62. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Liberty Oilfield Services.

Liberty Oilfield Services (NYSE:LBRT – Get Rating) last issued its quarterly earnings data on Wednesday, April 20th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. The firm 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 5.55% and a negative return on equity of 12.17%. The firm’s revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.21) EPS.

LBRT has been the topic of a number of recent research reports. Piper Sandler upped their target price on shares of Liberty Oilfield Services from $12.25 to $17.60 and gave the company a “neutral” rating in a report on Wednesday, April 13th. Royal Bank of Canada upped their target price on shares of Liberty Oilfield Services from $18.00 to $21.00 and gave the company a “sector perform” rating in a report on Friday, April 22nd. Morgan Stanley upped their target price on shares of Liberty Oilfield Services from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, April 25th. Stifel Nicolaus upped their target price on shares of Liberty Oilfield Services from $15.00 to $18.00 in a report on Friday, April 8th. Finally, Bank of America upgraded shares of Liberty Oilfield Services from a “neutral” rating to a “buy” rating in a report on Friday, March 11th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.91.

In related news, major shareholder Limited/Nv Schlumberger sold 14,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $15.50, for a total value of $224,750,000.00. Following the transaction, the insider now owns 35,101,961 shares in the company, valued at $544,080,395.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRT. Allspring Global Investments Holdings LLC acquired a new stake in Liberty Oilfield Services in the fourth quarter valued at approximately $17,064,000. Goldman Sachs Group Inc. grew its position in Liberty Oilfield Services by 877.7% in the third quarter. Goldman Sachs Group Inc. now owns 1,571,538 shares of the company’s stock valued at $19,063,000 after acquiring an additional 1,410,807 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Liberty Oilfield Services in the fourth quarter valued at approximately $6,518,000. Macquarie Group Ltd. grew its position in Liberty Oilfield Services by 31.2% in the third quarter. Macquarie Group Ltd. now owns 2,273,789 shares of the company’s stock valued at $27,580,000 after acquiring an additional 540,508 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Liberty Oilfield Services by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,700,443 shares of the company’s stock valued at $26,194,000 after acquiring an additional 526,002 shares in the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.

NYSE:LBRT opened at $16.34 on Friday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -19.22 and a beta of 2.36. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $15.38 and its two-hundred day moving average is $12.73. Liberty Oilfield Services has a 12-month low of $8.50 and a 12-month high of $20.05.

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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