Wells Fargo & Company MN purchased a new stake in shares of Liberty Oilfield Services Inc (NYSE:LBRT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 948,164 shares of the company’s stock, valued at approximately $16,013,000. Wells Fargo & Company MN owned about 0.80% of Liberty Oilfield Services at the end of the most recent quarter.
Separately, Albert D Mason Inc. bought a new stake in Liberty Oilfield Services during the first quarter valued at $593,000.
A number of equities analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Liberty Oilfield Services from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 11th. ValuEngine cut shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Cowen reissued a “hold” rating and set a $20.00 price objective on shares of Liberty Oilfield Services in a research report on Friday, April 13th. Zacks Investment Research cut shares of Liberty Oilfield Services from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Finally, Tudor Pickering cut shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Liberty Oilfield Services has an average rating of “Buy” and a consensus price target of $28.71.
Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings results on Thursday, May 10th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). The company had revenue of $495.16 million for the quarter, compared to analyst estimates of $489.08 million. equities analysts expect that Liberty Oilfield Services Inc will post 2.32 earnings per share for the current fiscal year.
Liberty Oilfield Services 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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