Zacks: Analysts Anticipate Liberty Oilfield Services Inc. (NYSE:LBRT) to Announce -$0.17 EPS

Wall Street analysts expect Liberty Oilfield Services Inc. (NYSE:LBRT) to announce earnings per share (EPS) of ($0.17) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Liberty Oilfield Services’ earnings, with the lowest EPS estimate coming in at ($0.30) and the highest estimate coming in at ($0.13). Liberty Oilfield Services posted earnings of ($0.33) per share during the same quarter last year, which would suggest a positive year over year growth rate of 48.5%. The firm is expected to report its next earnings results on Thursday, February 3rd.

According to Zacks, analysts expect that Liberty Oilfield Services will report full year earnings of ($0.86) per share for the current fiscal year, with EPS estimates ranging from ($1.01) to ($0.68). For the next fiscal year, analysts expect that the business will report earnings of $0.20 per share, with EPS estimates ranging from ($0.18) to $0.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Liberty Oilfield Services.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Tuesday, October 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.10). The company had revenue of $653.73 million during the quarter, compared to analysts’ expectations of $615.36 million. Liberty Oilfield Services had a negative net margin of 7.86% and a negative return on equity of 12.29%. During the same quarter last year, the business posted ($0.39) earnings per share.

A number of brokerages have issued reports on LBRT. Morgan Stanley decreased their price target on Liberty Oilfield Services from $17.00 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, August 3rd. Royal Bank of Canada initiated coverage on Liberty Oilfield Services in a research report on Wednesday, September 8th. They set a “sector perform” rating and a $13.00 target price on the stock. Atb Cap Markets cut Liberty Oilfield Services from an “outperform” rating to a “sector perform” rating in a research report on Saturday, October 9th. Citigroup dropped their price target on Liberty Oilfield Services from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, November 11th. Finally, TheStreet upgraded Liberty Oilfield Services from a “d+” rating to a “c-” rating in a research report on Wednesday, October 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.57.

In other Liberty Oilfield Services news, major shareholder Limited/Nv Schlumberger sold 9,500,000 shares of the company’s stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $11.50, for a total value of $109,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher A. Wright sold 2,300 shares of the company’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $12.11, for a total transaction of $27,853.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,137,700 shares of company stock valued at $117,546,769. Insiders own 4.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. American International Group Inc. lifted its position in shares of Liberty Oilfield Services by 2.5% during the third quarter. American International Group Inc. now owns 49,745 shares of the company’s stock worth $603,000 after purchasing an additional 1,223 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Liberty Oilfield Services by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 49,423 shares of the company’s stock worth $700,000 after purchasing an additional 1,302 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Liberty Oilfield Services by 5.2% during the third quarter. Voya Investment Management LLC now owns 35,069 shares of the company’s stock worth $425,000 after purchasing an additional 1,718 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Liberty Oilfield Services by 44.6% in the second quarter. Great West Life Assurance Co. Can now owns 5,710 shares of the company’s stock worth $81,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Liberty Oilfield Services by 10.1% in the third quarter. Raymond James & Associates now owns 21,888 shares of the company’s stock worth $266,000 after acquiring an additional 2,000 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

NYSE LBRT traded up $0.11 during trading on Thursday, reaching $9.98. 1,436,286 shares of the company’s stock were exchanged, compared to its average volume of 1,413,750. The firm has a market cap of $1.80 billion, a PE ratio of -8.83 and a beta of 2.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.09 and a current ratio of 1.32. The stock has a 50 day simple moving average of $11.81. Liberty Oilfield Services has a 1 year low of $9.12 and a 1 year high of $17.78.

About Liberty Oilfield Services

Liberty Oilfield Services, Inc engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Its hydraulic fracturing fleets consist of mobile hydraulic fracturing units and other auxiliary heavy equipment to perform fracturing services.

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