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LBRT

Liberty Oilfield ServicesNYSE:LBRT Stock Report

Last Price

US$12.56

Market Cap

US$2.3b

7D

4.4%

1Y

7.1%

Updated

27 Jan, 2022

Data

Company Financials +
LBRT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

LBRT Stock Overview

Liberty Oilfield Services Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America.

Liberty Oilfield Services Competitors

Schlumberger

NYSE:SLB

US$55.8b

Halliburton

NYSE:HAL

US$27.6b

NOV

NYSE:NOV

US$6.5b

ChampionX

NasdaqGS:CHX

US$4.8b

Price History & Performance

Summary of all time highs, changes and price drops for Liberty Oilfield Services
Historical stock prices
Current Share PriceUS$12.56
52 Week HighUS$17.78
52 Week LowUS$8.50
Beta2.88
1 Month Change20.19%
3 Month Change-8.72%
1 Year Change7.08%
3 Year Change-17.26%
5 Year Changen/a
Change since IPO-42.25%

Recent News & Updates

Nov 23
Liberty Oilfield Services Inc. (NYSE:LBRT) Shares Could Be 22% Below Their Intrinsic Value Estimate

Liberty Oilfield Services Inc. (NYSE:LBRT) Shares Could Be 22% Below Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of Liberty Oilfield Services Inc. ( NYSE:LBRT ) by taking...

Nov 01

Liberty Oilfield Services: Demand For Quality Fracs Will Keep It Agile

Liberty Oilfield Services' PropX acquisition will augment the environmental-friendly last mile proppant delivery solutions. The company has been focusing on providing electric fracking services and recently deployed the digiFrac electric frac pumps. However, supply chain challenges and labor shortage issues will keep pressure on the margin in the near term. Although cash flows are low, the company's debt restructuring and low leverage ensure financial safety.

Shareholder Returns

LBRTUS Energy ServicesUS Market
7D4.4%2.8%-5.1%
1Y7.1%44.7%3.3%

Return vs Industry: LBRT underperformed the US Energy Services industry which returned 44.7% over the past year.

Return vs Market: LBRT exceeded the US Market which returned 3.3% over the past year.

Price Volatility

Is LBRT's price volatile compared to industry and market?
LBRT volatility
LBRT Average Weekly Movement8.8%
Energy Services Industry Average Movement7.6%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: LBRT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LBRT's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20111,946Chris Wrighthttps://www.libertyfrac.com

Liberty Oilfield Services Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. The company also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services; and operates two sand mines in the Permian Basin. As of December 31, 2020, it had a total of approximately 30 active frac fleets and 20 active wireline units.

Liberty Oilfield Services Fundamentals Summary

How do Liberty Oilfield Services's earnings and revenue compare to its market cap?
LBRT fundamental statistics
Market CapUS$2.26b
Earnings (TTM)-US$160.68m
Revenue (TTM)US$2.04b

1.1x

P/S Ratio

-14.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LBRT income statement (TTM)
RevenueUS$2.04b
Cost of RevenueUS$1.85b
Gross ProfitUS$193.55m
ExpensesUS$354.23m
Earnings-US$160.68m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.89
Gross Margin9.47%
Net Profit Margin-7.86%
Debt/Equity Ratio10.2%

How did LBRT perform over the long term?

See historical performance and comparison

Valuation

Is Liberty Oilfield Services undervalued compared to its fair value and its price relative to the market?

1.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: LBRT ($12.56) is trading above our estimate of fair value ($11.45)

Significantly Below Fair Value: LBRT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LBRT is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.

PE vs Market: LBRT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LBRT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LBRT is overvalued based on its PB Ratio (1.9x) compared to the US Energy Services industry average (1.1x).


Future Growth

How is Liberty Oilfield Services forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

77.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LBRT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: LBRT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LBRT's is expected to become profitable in the next 3 years.

Revenue vs Market: LBRT's revenue (14.9% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: LBRT's revenue (14.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LBRT's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has Liberty Oilfield Services performed over the past 5 years?

-36.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBRT is currently unprofitable.

Growing Profit Margin: LBRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LBRT is unprofitable, and losses have increased over the past 5 years at a rate of 36.6% per year.

Accelerating Growth: Unable to compare LBRT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LBRT is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-2.7%).


Return on Equity

High ROE: LBRT has a negative Return on Equity (-14.99%), as it is currently unprofitable.


Financial Health

How is Liberty Oilfield Services's financial position?


Financial Position Analysis

Short Term Liabilities: LBRT's short term assets ($671.6M) exceed its short term liabilities ($509.1M).

Long Term Liabilities: LBRT's short term assets ($671.6M) exceed its long term liabilities ($265.2M).


Debt to Equity History and Analysis

Debt Level: LBRT's net debt to equity ratio (7.3%) is considered satisfactory.

Reducing Debt: LBRT's debt to equity ratio has reduced from 44.7% to 10.2% over the past 5 years.

Debt Coverage: LBRT's debt is well covered by operating cash flow (78.6%).

Interest Coverage: Insufficient data to determine if LBRT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Liberty Oilfield Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LBRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LBRT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LBRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LBRT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: LBRT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LBRT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

Chris Wright (56 yo)

5.08yrs

Tenure

US$3,310,114

Compensation

Mr. Christopher A. Wright, also known as Chris, is an Independent Director of Accretion Acquisition Corp. since April 2021. He is the founder of Liberty Oilfield Services Inc. and has been its Chief Execu...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD3.31M) is about average for companies of similar size in the US market ($USD3.75M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LBRT's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: LBRT's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LBRT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Liberty Oilfield Services Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Liberty Oilfield Services Inc.
  • Ticker: LBRT
  • Exchange: NYSE
  • Founded: 2011
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: US$2.263b
  • Market Cap: US$2.240b
  • Shares outstanding: 180.17m
  • Website: https://www.libertyfrac.com

Number of Employees


Location

  • Liberty Oilfield Services Inc.
  • 950 17th Street
  • Suite 2400
  • Denver
  • Colorado
  • 80202
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/27 00:10
End of Day Share Price2022/01/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.