Liberty Oilfield Services (NYSE:LBRT) released its quarterly earnings results on Monday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.36), Briefing.com reports. The business had revenue of $449.00 million during the quarter, compared to the consensus estimate of $444.84 million.
Shares of Liberty Oilfield Services (NYSE:LBRT) opened at $18.44 on Wednesday. Liberty Oilfield Services has a 12 month low of $16.80 and a 12 month high of $23.78.
In related news, Director Energy Part Riverstone/Carlyle sold 300,541 shares of Liberty Oilfield Services stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $16.07, for a total value of $4,829,693.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Several research analysts have commented on LBRT shares. Evercore ISI started coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They set an “outperform” rating and a $30.00 price target on the stock. Morgan Stanley began coverage on Liberty Oilfield Services in a research report on Tuesday, February 6th. They set an “overweight” rating and a $27.00 price target on the stock. Piper Jaffray Companies began coverage on Liberty Oilfield Services in a report on Tuesday, February 6th. They issued an “overweight” rating and a $28.00 target price on the stock. Goldman Sachs Group began coverage on Liberty Oilfield Services in a report on Tuesday, February 6th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, Tudor Pickering began coverage on Liberty Oilfield Services in a report on Tuesday, February 13th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.29.
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Liberty Oilfield Services Company Profile
Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. It has 19 active fleets. The company provides its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.
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