Energy Part Riverstone/Carlyle Sells 5,750,000 Shares of Liberty Oilfield Services Inc (NYSE:LBRT) Stock

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Liberty Oilfield Services Inc (NYSE:LBRT) Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9.02, for a total transaction of $51,865,000.00.

NYSE:LBRT traded down $0.07 during trading hours on Friday, reaching $9.02. 524,311 shares of the company’s stock were exchanged, compared to its average volume of 750,091. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 4.98 and a beta of 2.32. The company has a 50-day moving average of $9.68 and a 200 day moving average of $12.66. The company has a quick ratio of 1.61, a current ratio of 1.95 and a debt-to-equity ratio of 0.22. Liberty Oilfield Services Inc has a 1-year low of $8.13 and a 1-year high of $20.92.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Tuesday, October 29th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.12). Liberty Oilfield Services had a return on equity of 9.20% and a net margin of 3.40%. The firm had revenue of $515.08 million during the quarter, compared to analyst estimates of $522.04 million. Research analysts forecast that Liberty Oilfield Services Inc will post 0.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, December 5th. Liberty Oilfield Services’s dividend payout ratio (DPR) is presently 11.05%.

Several hedge funds have recently added to or reduced their stakes in LBRT. Oakmont Corp acquired a new stake in shares of Liberty Oilfield Services in the 2nd quarter worth $20,113,000. Balyasny Asset Management LLC acquired a new stake in shares of Liberty Oilfield Services in the 2nd quarter worth $15,948,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Liberty Oilfield Services in the 2nd quarter worth $51,459,000. Nuveen Asset Management LLC acquired a new stake in shares of Liberty Oilfield Services in the 2nd quarter worth $5,285,000. Finally, BlackRock Inc. lifted its stake in shares of Liberty Oilfield Services by 4.8% in the 2nd quarter. BlackRock Inc. now owns 3,531,493 shares of the company’s stock worth $57,139,000 after acquiring an additional 161,045 shares during the period.

LBRT has been the subject of several research analyst reports. Barclays restated a “buy” rating and issued a $16.00 target price on shares of Liberty Oilfield Services in a report on Thursday, October 17th. Bank of America started coverage on shares of Liberty Oilfield Services in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $10.00 price target for the company. TheStreet cut shares of Liberty Oilfield Services from a “c-” rating to a “d+” rating in a research note on Thursday, August 22nd. Citigroup decreased their price target on shares of Liberty Oilfield Services from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Finally, Morgan Stanley decreased their price target on shares of Liberty Oilfield Services from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Liberty Oilfield Services presently has a consensus rating of “Hold” and a consensus target price of $16.13.

About Liberty Oilfield Services

Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company offers 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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