Wells Fargo (NYSE:WFC) analyst Roger Read maintained a Hold rating on Liberty Oilfield Services (NYSE:LBRT) on Thursday, setting a price target of $11, which is approximately 4.35% below the present share price of $11.5.
Read expects Liberty Oilfield Services to post earnings per share (EPS) of -$0.29 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Liberty Oilfield Services, with an average price target of $13.42.
The analysts price targets range from a high of $15.5 to a low of $11.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $581.29 million and a net profit of -$33.29 million. The company's market cap is $2.07 billion.
According to TipRanks.com, Wells Fargo analyst Roger Read is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.0% and a 60.53% success rate.
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. The company was founded on December 21, 2016 and is headquartered in Denver, CO.