Morgan Stanley Sticks to Their Buy Rating for Liberty Oilfield Services Inc (LBRT)

By Ryan Adsit

In a report released today, Connor Lynagh from Morgan Stanley maintained a Buy rating on Liberty Oilfield Services Inc (LBRTResearch Report), with a price target of $18.00. The company’s shares closed last Monday at $10.49, close to its 52-week low of $9.85.

According to TipRanks.com, Lynagh has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.8% and a 25.6% success rate. Lynagh covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oil States International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liberty Oilfield Services Inc with a $18.33 average price target.

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The company has a one-year high of $22.58 and a one-year low of $9.85. Currently, Liberty Oilfield Services Inc has an average volume of 856.2K.

Based on the recent corporate insider activity of 9 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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