Liberty Oilfield Services Inc (NYSE:LBRT) to Issue $0.05 Quarterly Dividend

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Liberty Oilfield Services Inc (NYSE:LBRT) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.05 per share on Friday, December 20th. This represents a $0.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, December 5th.

LBRT stock opened at $8.82 on Tuesday. 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 has a twelve month low of $7.89 and a twelve month high of $17.99. The company has a market cap of $994.70 million, a P/E ratio of 4.87 and a beta of 2.26. The business has a fifty day moving average of $8.90 and a 200-day moving average of $11.80.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.12). The firm had revenue of $515.08 million during the quarter, compared to the consensus estimate of $522.04 million. Liberty Oilfield Services had a net margin of 3.40% and a return on equity of 9.20%. As a group, equities research analysts anticipate that Liberty Oilfield Services will post 0.79 earnings per share for the current fiscal year.

A number of research analysts have issued reports on LBRT shares. Morgan Stanley cut their target price on shares of Liberty Oilfield Services from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Zacks Investment Research raised shares of Liberty Oilfield Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Co lowered their price target on shares of Liberty Oilfield Services from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. Bank of America assumed 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. Finally, Citigroup cut their price objective on shares of Liberty Oilfield Services from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, September 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Liberty Oilfield Services currently has an average rating of “Hold” and a consensus price target of $16.13.

In related news, Director Energy Part Riverstone/Carlyle sold 5,750,000 shares of Liberty Oilfield Services stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9.02, for a total transaction of $51,865,000.00. Also, Director Brett Staffieri sold 23,341 shares of Liberty Oilfield Services stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $10.35, for a total transaction of $241,579.35. The disclosure for this sale can be found here. Corporate insiders own 6.19% of the company’s stock.

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. 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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Dividend History for Liberty Oilfield Services (NYSE:LBRT)

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