Barclays Thinks Liberty Oilfield Services Inc’s Stock is Going to Recover


In a report issued on August 1, David Anderson from Barclays maintained a Buy rating on Liberty Oilfield Services Inc (LBRT), with a price target of $17. The company’s shares closed on Friday at $13.22, close to its 52-week low of $12.32.

According to TipRanks.com, Anderson has 0 stars on 0-5 star ranking scale with an average return of -5.1% and a 36.6% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Mammoth Energy Services, and US Silica Holdings.

Liberty Oilfield Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.50, which is a 39.9% upside from current levels. In a report issued on July 30, B.Riley FBR also maintained a Buy rating on the stock with a $20 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 $22.03 million. In comparison, last year the company had a net profit of $49.6 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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