Liberty Oilfield Services Inc. (NYSE:LBRT) stock’s Relative Strength Index (RSI) is 46.29, with weekly volatility at 6.10% and ATR at 0.66. The LBRT stock’s 52-week price range has touched low of $2.17 and a $11.40 high. Its shares traded lower over the last trading session, losing -4.61% on 10/13/20. The shares fell to a low of $7.6737 before closing at $7.87. Intraday shares traded counted 0.97 million, which was -21.24% lower than its 30-day average trading volume of 802.83K. LBRT’s previous close was $8.25 while the outstanding shares total 83.29M.
Investors have identified the Oil & Gas Equipment & Services company Liberty Oilfield Services Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $933.46 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Liberty Oilfield Services Inc. (LBRT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For LBRT, the company has in raw cash 124.5 million on their books with 0.35 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 299690000 million total, with 100952000 million as their total liabilities.
LBRT were able to record 26.17 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 11.81 million. In cash movements, the company had a total of 96.63 million as operating cash flow.
Potential earnings growth for Liberty Oilfield Services Inc. (LBRT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Liberty Oilfield Services Inc. recorded a total of 88.36 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -513.55% coming in sequential stages and their sales for the third quarter reducing by -434.56%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 89.52 million trying to sell their products during the last quarter, with the result yielding a gross income of -1.16 million. This allows shareholders to hold on to 83.29M with the revenue now reading -0.79 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.53 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LBRT sounds very interesting.
Is the stock of LBRT attractive?
In related news, Director, Riverstone/Carlyle Energy Part sold 5,750,000 shares of the company’s stock in a transaction that recorded on Oct 07. The sale was performed at an average price of 8.61, for a total value of 49,507,500. As the sale deal closes, the VP & General Counsel, ELLIOTT R SEAN now sold 1,000 shares of the company’s stock, valued at 10,560. Also, VP & General Counsel, ELLIOTT R SEAN sold 1,000 shares of the company’s stock in a deal that was recorded on Dec 12. The shares were price at an average price of 10.50 per share, with a total market value of 10,500. In the last 6 months, insiders have changed their ownership in shares of company stock by 9.10%.
6 out of 16 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Liberty Oilfield Services Inc.. 0 analysts has assigned a Sell rating on the LBRT stock. The 12-month mean consensus price target for the company’s shares has been set at $8.90.