Liberty Oilfield Services (LBRT) Releases Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Liberty Oilfield Services (NYSE:LBRT) posted its earnings results on Monday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.36), Briefing.com reports. The firm had revenue of $449.00 million for the quarter, compared to analyst estimates of $444.84 million.

LBRT traded up $0.56 on Thursday, hitting $17.77. 371,146 shares of the company were exchanged, compared to its average volume of 630,010. Liberty Oilfield Services has a fifty-two week low of $16.00 and a fifty-two week high of $23.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.60.

In other Liberty Oilfield Services news, Director Energy Part Riverstone/Carlyle sold 300,541 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $16.07, for a total value of $4,829,693.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Several equities analysts have commented on the stock. Piper Jaffray assumed coverage on shares of Liberty Oilfield Services in a research note on Tuesday, February 6th. They issued an “overweight” rating and a $28.00 price target for the company. Goldman Sachs started coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They set a “buy” rating and a $34.00 price objective for the company. Evercore ISI initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They set an “outperform” rating and a $30.00 price objective for the company. Wells Fargo initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, JPMorgan Chase assumed coverage on shares of Liberty Oilfield Services in a research report on Tuesday, February 6th. They issued an “overweight” rating and a $34.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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