Liberty Oilfield Services Inc. (NYSE:LBRT) price closed higher on Monday, October 04, jumping 2.91% above its previous close.
A look at the daily price movement shows that the last close reads $12.70, with intraday deals fluctuated between $12.87 and $13.39. The company’s 5Y monthly beta was ticking 2.90. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.78 and 52-week low of $6.20. The stock added 23.89% on its value in the past month.
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Liberty Oilfield Services Inc., which has a market valuation of $2.25 billion, is expected to release its quarterly earnings report Oct 25, 2021 – Oct 29, 2021. Analysts tracking LBRT have forecast the quarterly EPS to shrink by -0.08 per share this quarter, while the same analysts predict the annual EPS to hit -$0.71 for the year 2021 and up to $0.41 for 2022. In this case, analysts estimate an annual EPS growth of 22.80% for the year and 157.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $616.98 million, with the likely lows of $592 million and highs of $650.9 million. The average estimate suggests sales growth for the quarter will likely rise by 318.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $2.38 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 146.30% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LBRT a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 17 analysts have assigned LBRT a recommendation rating as follows: 10 rate it as a Hold; 5 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Liberty Oilfield Services Inc. (LBRT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that LBRT’s price is at present 17.41% off the SMA20 and 23.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 67.03, with weekly volatility standing at 5.84%. The indicator jumps to 5.43% when calculated based on the past 30 days. Liberty Oilfield Services Inc. (NYSE:LBRT)’s beta value is holding at 2.90, while the average true range (ATR) indicator is currently reading 0.66. Considering analysts have assigned the stock a price target range of $10.00-$16.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.27. Based on this estimate, we see that current price is roughly 23.49% off the estimated low and -22.42% off the forecast high. Investors will no doubt be excited to see the share price rise to $13.00, which is the median consensus price, and at that level LBRT would be 0.54% from current price.
An analysis of the Liberty Oilfield Services Inc. (NYSE:LBRT) stock in terms of its daily trading volume indicates that the 3-month average is 1.25 million.
Current records show that the company has 172.52M in outstanding shares. The insiders’ percentage holdings are 3.50% of outstanding shares while the percentage share held by institutions stands at 53.90%. But the 26.77% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.