Liberty Oilfield Services Inc. (NYSE:LBRT) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LBRT to report 3Q20 loss of $ 0.42 per share.
For the full year, analysts anticipate top line of $ 882.03 million, while looking forward to loss of $ 1.25 per share bottom line.
Previous Quarter Performance
Liberty Oilfield Services Inc. unveiled loss for the second quarter of $ 0.55 per share, from the revenue of $ 88.36 million. Wall street analysts are predicting, LBRT to report 2Q20 loss of $ 0.44 per share from revenue of $ 98.77 million. The bottom line results missed street analysts by $ 0.11 or 25 percent, at the same time, top line results fell short of analysts by $ 10.41 million or 10.54 percent.
Stock Performance
Shares of Liberty Oilfield Services Inc. traded up $ 0.25 or 3.11 percent on Friday, reaching $ 8.29 with volume of 568.70 thousand shares. Liberty Oilfield Services Inc. has traded high as $ 8.57 and has cracked $ 8.10 on the downward trend
According to the previous trading day, closing price of $ 8.29, representing a 270.51 % increase from the 52 week low of $ 2.17 and a 29.47 % decrease over the 52 week high of $ 11.40.
The company has a market capital of $ 936.22 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Analyst recommendations
- On 13th October 2020, downgraded by Scotiabank to Sector Perform from Sector Outperform rating.
- On 5th October 2020, upgraded by Barclays to Overweight from Equal-Weight rating, with $ 10.00 target price.
- On 3rd September 2020, maintained by Morgan Stanley at Overweight rating, with $ 9.00 target price.
Liberty Oilfield Services Inc. provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.
