Equities Analysts Set Expectations for Liberty Oilfield Services Inc’s Q1 2020 Earnings (LBRT)

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Liberty Oilfield Services Inc (NYSE:LBRT) – Stock analysts at Piper Jaffray Companies decreased their Q1 2020 earnings estimates for Liberty Oilfield Services in a research report issued to clients and investors on Wednesday, May 1st, Zacks Investment Research reports. Piper Jaffray Companies analyst J. Daniel now forecasts that the company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.36. Piper Jaffray Companies also issued estimates for Liberty Oilfield Services’ Q2 2020 earnings at $0.41 EPS and FY2020 earnings at $1.59 EPS.

Liberty Oilfield Services (NYSE:LBRT) last posted its earnings results on Tuesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Liberty Oilfield Services had a return on equity of 16.35% and a net margin of 5.50%. The business had revenue of $535.15 million during the quarter, compared to analyst estimates of $502.55 million.

A number of other equities research analysts have also weighed in on the company. Goldman Sachs Group initiated coverage on Liberty Oilfield Services in a research note on Sunday, March 10th. They set a “neutral” rating and a $20.00 price objective for the company. Barclays initiated coverage on Liberty Oilfield Services in a research note on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price objective for the company. Cowen restated a “market perform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Liberty Oilfield Services in a research note on Thursday, February 7th. ValuEngine upgraded Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, Zacks Investment Research lowered Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Liberty Oilfield Services presently has an average rating of “Buy” and a consensus target price of $22.89.

NYSE LBRT traded down $0.40 during mid-day trading on Thursday, reaching $15.95. 393,841 shares of the company’s stock traded hands, compared to its average volume of 585,984. Liberty Oilfield Services has a 1-year low of $12.32 and a 1-year high of $23.90. The company has a quick ratio of 1.48, a current ratio of 1.75 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.78 billion, a PE ratio of 8.81 and a beta of 2.07.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.05 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. Liberty Oilfield Services’s payout ratio is 11.05%.

In related news, insider Robert Day sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $16.03, for a total value of $24,045,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Stock sold 4,185 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $17.00, for a total value of $71,145.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,700,494 shares of company stock valued at $27,480,048. Insiders own 6.19% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Liberty Oilfield Services by 3.0% in the 4th quarter. FMR LLC now owns 6,156,284 shares of the company’s stock worth $79,724,000 after purchasing an additional 178,511 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Liberty Oilfield Services by 169.1% in the 3rd quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock worth $78,392,000 after purchasing an additional 2,283,611 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Liberty Oilfield Services by 144.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,769,980 shares of the company’s stock worth $59,748,000 after purchasing an additional 1,638,479 shares during the last quarter. Vanguard Group Inc raised its stake in Liberty Oilfield Services by 144.8% during the 3rd quarter. Vanguard Group Inc now owns 2,769,980 shares of the company’s stock valued at $59,748,000 after acquiring an additional 1,638,479 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Liberty Oilfield Services by 885.5% during the 4th quarter. Millennium Management LLC now owns 1,487,556 shares of the company’s stock valued at $19,264,000 after acquiring an additional 1,336,610 shares in the last quarter.

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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Earnings History and Estimates for Liberty Oilfield Services (NYSE:LBRT)

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