Christopher A. Wright Sells 1,900 Shares of Liberty Oilfield Services Inc. (NYSE:LBRT) Stock


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Liberty Oilfield Services Inc. (NYSE:LBRT) CEO Christopher A. Wright sold 1,900 shares of the stock in a transaction dated Thursday, February 18th. The stock was sold at an average price of $10.35, for a total value of $19,665.00. Following the transaction, the chief executive officer now owns 3,994,162 shares of the company’s stock, valued at $41,339,576.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Oilfield Services stock opened at $10.94 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 2.03. Liberty Oilfield Services Inc. has a 52 week low of $2.17 and a 52 week high of $13.63. The stock has a market capitalization of $1.24 billion, a P/E ratio of -10.04 and a beta of 3.31. The stock has a fifty day moving average of $11.97 and a 200-day moving average of $9.44.

Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Friday, February 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.07. Liberty Oilfield Services had a negative return on equity of 11.01% and a negative net margin of 8.20%. On average, research analysts forecast that Liberty Oilfield Services Inc. will post -1.34 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Liberty Oilfield Services from $7.00 to $12.00 in a report on Tuesday, December 15th. Bank of America downgraded shares of Liberty Oilfield Services from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $13.50 to $11.00 in a research note on Monday, February 8th. Evercore ISI upgraded shares of Liberty Oilfield Services from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $12.00 to $15.00 in a research note on Wednesday, January 27th. Wells Fargo & Company lowered shares of Liberty Oilfield Services from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 7th. Finally, Piper Sandler raised their target price on shares of Liberty Oilfield Services from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, December 24th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in Liberty Oilfield Services by 42.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,127 shares of the company’s stock worth $33,000 after purchasing an additional 1,221 shares in the last quarter. Aperio Group LLC grew its stake in shares of Liberty Oilfield Services by 3.6% during the fourth quarter. Aperio Group LLC now owns 39,961 shares of the company’s stock worth $412,000 after buying an additional 1,392 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Liberty Oilfield Services by 20.5% during the third quarter. Profund Advisors LLC now owns 14,794 shares of the company’s stock worth $118,000 after buying an additional 2,520 shares in the last quarter. Strs Ohio lifted its stake in shares of Liberty Oilfield Services by 5.0% in the 3rd quarter. Strs Ohio now owns 69,700 shares of the company’s stock valued at $556,000 after acquiring an additional 3,300 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Liberty Oilfield Services by 3.5% during the 3rd quarter. California State Teachers Retirement System now owns 98,253 shares of the company’s stock valued at $785,000 after acquiring an additional 3,317 shares in the last quarter.

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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