Liberty Oilfield Services Gets a “Strong Sell” at ValuEngine
Liberty Oilfield Services (NYSE:LBRT) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). Liberty Oilfield Services had a net margin of 6.03% and a return on equity of 20.71%. The firm had revenue of $558.78 million for the quarter, compared to the consensus estimate of $579.03 million.
In related news, insider Robert Day sold 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $21.00, for a total transaction of $63,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Energy Part Riverstone/Carlyle sold 2,491,160 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $18.96, for a total transaction of $47,232,393.60. The disclosure for this sale can be found here.
Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.