Liberty Oilfield Services (LBRT) Receives a Buy from Morgan Stanley

In a report released today, Connor Lynagh from Morgan Stanley maintained a Buy rating on Liberty Oilfield Services (LBRTResearch Report), with a price target of $23.00. The company’s shares closed last Monday at $15.49.

According to, Lynagh is a 1-star analyst with an average return of -2.4% and a 51.4% success rate. Lynagh covers the Industrial Goods sector, focusing on stocks such as Nextier Oilfield Solutions, Baker Hughes Company, and Core Laboratories.

Liberty Oilfield Services has an analyst consensus of Moderate Buy, with a price target consensus of $19.70, implying a 20.7% upside from current levels. In a report issued on April 22, Evercore ISI also assigned a Buy rating to the stock with a $23.00 price target.

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The company has a one-year high of $20.05 and a one-year low of $8.50. Currently, Liberty Oilfield Services has an average volume of 1.95M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LBRT in relation to earlier this year.

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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. The company was founded on December 21, 2016 and is headquartered in Denver, CO.

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