Liberty Oilfield Services Inc. (NYSE:LBRT) finished Wednesday with an addition of $0.29 to close at $14.63, an upside of 2.02 percent. An average of 1,710,140 shares of common stock have been traded in the last five days. There was a gain of $1.76 in the past week. The last 20 days have seen an average of 1,698,720 shares traded, while the 50-day average volume stands at 1,290,378.
LBRT stock has increased by 36.60% in the last month. The company shares reached their 1-month lowest point of $9.85 on 09/20/21. With the stock rallying to its 52-week high on 06/04/21, shares of the company touched a low of $6.20 and a high of $17.78 in 52 weeks. In spite of this, the price is down -17.72% from the 52-week high.
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2 days have passed since Liberty Oilfield Services Inc. (LBRT) last reported insider trading activity. Wright Christopher A, who is Chairman of the Board & CEO, most recently acquired $54,100 shares at $14.22 per share on Oct 12. In this transaction, the insider spent $769,302. Chairman of the Board & CEO, Wright Christopher A, disposed of 15,900 shares at a price of $13.83 on Oct 08. The insider now owns more than $219,897 worth of shares. Prior to that, Chairman of the Board & CEO Wright Christopher A went on to Sale 25,500 shares at $13.13 each on Oct 04. An amount of $334,815 was transacted.
Liberty Oilfield Services Inc. (LBRT) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, Liberty Oilfield Services Inc.’s PE ratio has ranged between 22.39 and 4.138. The stock’s beta is 2.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.67, the price-to-book (PB) ratio at 2.08.
The company’s most recent quarterly dividend payment was $0.05 a share, without any change from last year.
The quick ratio of Liberty Oilfield Services Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.09 and a total debt to equity ratio of 0.11 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 9.20% against a 5-year average of 6.6%. Liberty Oilfield Services Inc.’s EBITDA margin for the year ending June 29 is 4.10%, while its operating margin for the same period stands at -12.00%. Its gross profit as reported stood at $107.81 million compared to revenue of $965.79 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Liberty Oilfield Services Inc.’s return on assets was -9.10%, compared to 1.8% over the last five years. In the past year, the return on investment has been -11.30%, and the 5-year average is 5.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been -15.30% and the 5-year average holds at 5.0%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Liberty Oilfield Services Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.31, a -244.40% surprise. For the quarter, EBITDA amounted to $27.79 million. Shareholders own equity worth $180.17 million.
From a technical analysis perspective, let’s take a brief look at Liberty Oilfield Services Inc. (LBRT) price momentum. RSI 9-day as of the close on 13 October was 79.92%, suggesting the stock is Overbought, with historical volatility in this time frame at 28.22%.
As of today, LBRT’s price is $13.98 +13.68% or $1.76 from its 5-day moving average. LBRT is currently trading +30.16% higher than its 20-day SMA and +1.74% higher than its 100-day SMA. However, the stock’s current price level is +42.87% above the SMA50 and +40.40% above the SMA200.
The stochastic %K and %D were 95.36% and 93.24%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 97.42% and the average true range at 0.70, the RSI (14) stands at 74.51%. The stock has reached 0.73 on the 9-day MACD Oscillator while the 14-day reading was at 1.13.
Citigroup upgraded Liberty Oilfield Services Inc. (NYSE: LBRT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Liberty Oilfield Services Inc. (LBRT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LBRT, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is LBRT’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $16.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Liberty Oilfield Services Inc. (LBRT) stock is $13.13.