Piper Jaffray Keeps Their Buy Rating on Liberty Oilfield Services Inc (LBRT)


Piper Jaffray analyst John Daniel reiterated a Buy rating on Liberty Oilfield Services Inc (NYSE: LBRT) yesterday and set a price target of $30. The company’s shares opened today at $19.11.

According to TipRanks.com, Daniel is a 3-star analyst with an average return of 2.4% and a 43.6% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and C&J Energy Services Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liberty Oilfield Services Inc with a $26 average price target.

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Based on Liberty Oilfield Services Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $49.6 million. In comparison, last year the company had a net profit of $39.04 million.

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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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