Morgan Stanley analyst Daniel Kutz maintained a Buy rating on Liberty Oilfield Services today and set a price target of $18.00. The company’s shares opened today at $11.27.
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Kutz covers the Energy sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Helmerich & Payne. According to TipRanks, Kutz has an average return of -4.3% and a 43.30% success rate on recommended stocks.
In addition to Morgan Stanley, Liberty Oilfield Services also received a Buy from Stifel Nicolaus’s Stephen Gengaro in a report issued on July 16. However, on July 15, Piper Sandler initiated coverage with a Hold rating on Liberty Oilfield Services (NYSE: LBRT).
Based on Liberty Oilfield Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $977.46 million and a net profit of $20.11 million. In comparison, last year the company earned a revenue of $1.07 billion and had a net profit of $81.89 million
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