Despite facing a challenging market, we are proud to have delivered a sequential 13% increase in revenue to $535 million and adjusted EBITDA increase of 18% to $85 million and a net income before income taxes increase of 27% to $41 million after adjusting for gain loss on disposal of assets. – Chris Wright
There is a lot of things to like about dual fuel. Number one on that is natural gas is cheaper than diesel, right? So, when you’ve got availability to natural gas, it’s a cheaper way to run a frac operation. Definitely, it’s got lower emissions, and again, not just in CO2 emissions, but SOx and NOx and particulate emissions. So, look, in a perfect world, look at United States electricity grid, right? We don’t use oil to make any electricity, and natural gas is our biggest source. So natural gas is a preferred fuel. Close to half of our fleets or pumps are dual fuel, so we’re not running at that level today because to do that, you’ve got to have gas in the field, right, so probably only half of our dual fuel fleets are actually running with that capability, but certainly, we hope to see, we expect to see and we work with our customers to see an increasing consumption of natural gas to power like to power frac fleets. – Chris Wright
Should you hold Liberty Oilfield Services?
Two analysts covering Liberty Oilfield Services (NYSE: LBRT), 1 had Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Liberty Oilfield Services has $20 highest and $19 lowest target. $19.50’s average target is 30.70% above currents $14.92 stock price. Liberty Oilfield Services had 2 analyst reports since March 11, 2019.
- Stock analysts at Goldman Sachs Group initiated coverage on shares of Liberty Oilfield Services (NYSE:LBRT) in a research report issued to clients and investors on Sunday, March 10th.
The firm set a “neutral” rating and a $20.00 price target on the stock. Goldman Sachs Group’s price target points to a potential upside of 34.05% from the stock’s previous close.
Liberty Oilfield Services Inc. Reports -11.08% Sales Growth
Liberty Oilfield Services Inc. (LBRT) remained unsuccessful in beating the consensus-estimated $0.31 as it actually earned $0.27 per share in its last reported financial results. Revenue, on the other hand, scored -11.08% growth from the previous quarter, coming up with $496.89 million.
Wall Street brokerages expect Liberty Oilfield Services Inc (NYSE:LBRT) to post $502.55 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Liberty Oilfield Services’ earnings, with the lowest sales estimate coming in at $496.77 million and the highest estimate coming in at $515.00 million.
The Cons of holding Liberty Oilfield Services Inc in the short term.
If Colorado cracks down on fracking, Liberty Oilfield Services would take a big hit. as it holds large amounts of hydraulic fracking fleets in that state and is considered the most significant player in the fracking servicing sector in the DJ Basin.
There are at least 32.94% of shares outstanding that are currently legally short sold.
Team Liberty is drinking fracking fluid?
Team Liberty is drinking frac fluid? Yip, to illustrate that frac fluid is not health risks from fracking but lack of access to affordable energy for the poor in the US and the world! #fracyeah #oilandgas
I hope they didn’t add xlink or and FR.