Liberty Oilfield Services Inc. (LBRT): What the Financials Tell Us

Liberty Oilfield Services Inc. (NYSE:LBRT) saw an upside of 0.44% to close Monday at $13.81 after adding $0.06 on the day. The 5-day average trading volume is 1,772,600 shares of the company’s common stock. It has gained $14.22 in the past week. An average of 1,616,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,292,732.

LBRT’s 1-month performance is 40.49% or $3.98 on its low of $9.85 reached on 09/20/21. The company’s shares have touched a 52-week low of $6.20 and high of $17.78, with the stock’s rally to the 52-week high happening on 06/04/21. YTD, LBRT has achieved 33.95% or $3.50. However, the current price is down -22.33%% from the 52-week high price.


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Insider Transactions

On Oct 04, 8 days have gone by since the last insider trading activity for Liberty Oilfield Services Inc. (LBRT). Wright Christopher A (Chairman of the Board & CEO) most recently sold 25,500 shares at $13.13 per share on Oct 04. This transaction cost the insider $334,815. Chief Financial Officer, Stock Michael, sold 77,000 shares at a price of $13.18 on Oct 04. Then, on Oct 01, Chief Financial Officer Stock Michael sold 43,000 shares at a price of $12.07 per share. This transaction amounted to $518,954.

Valuation Metrics

Liberty Oilfield Services Inc. (LBRT) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 22.39 and a low of 4.138. LBRT stock has a beta of 2.91. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.57 while the price-to-book (PB) in the most recent quarter is 1.96.

Liberty Oilfield Services Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.40 meaning that LBRT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.09, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 9.20%. The trailing 12-month EBITDA margin is 4.10% while for the period ending June 29; Liberty Oilfield Services Inc.’s operating margin was -12.00%. The firm’s gross profit as reported stood at $107.81 million against revenue of $965.79 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LBRT to announce -$0.09 per share in earnings in its latest quarter, but it posted -$0.31, representing a -244.40% surprise. EBITDA for the quarter stood at more than $27.79 million. LBRT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 745.69 million, with total debt at $252.08 million. Shareholders hold equity totaling $180.17 million

Technical Picture

Let’s look briefly at Liberty Oilfield Services Inc. (LBRT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 73.73% to suggest the stock is trending Overbought, with historical volatility in this time period at 48.39%.

The stock’s 5-day moving average is $13.40, reflecting a +5.66% or $0.74 change from its current price. LBRT is currently trading +28.11% above its 20-day SMA, -1.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +35.53% and +27.05% respectively.

Stochastic %K and %D was 91.04% and 88.52% and the average true range (ATR) pointed at 0.72. The RSI (14) points at 69.76%, while the 14-day stochastic is at 88.92% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at 0.57 and 1.02 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Liberty Oilfield Services Inc. (NYSE: LBRT), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for LBRT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LBRT as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.

What is LBRT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $16.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Liberty Oilfield Services Inc. (LBRT) stock is $13.27.

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