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Liberty Oilfield Services Stock

Liberty Oilfield Services Inc. is an American oilfield services company headquartered in Denver, Colorado. The company provides hydraulic fracturing services to exploration and production companies in the United States. Liberty was founded in 2011 and became a public company in 2013.

As of December 31, 2018, Liberty had approximately 1,600 employees.

If you’re looking for a energy stock that’s on the rise, look no further than Liberty Oilfield Services. This company provides oilfield services and products to exploration and production companies, and their stock has been climbing steadily in recent months. Liberty is benefiting from the resurgence in activity in the U.S. oil industry, as drillers are ramping up operations after a period of slowdown.

The company is well-positioned to capitalize on this trend, with a strong fleet of rigs and experienced personnel. Investors are bullish on Liberty’s prospects, and the stock is up nearly 50% so far this year. With the U.S. oil industry expected to continue growing in the coming years, Liberty looks like a good bet for continued success.

Liberty Oilfield Services Stock

Credit: www.bizjournals.com

What is Liberty Oilfield Services Stock

Liberty Oilfield Services Inc. is a provider of oilfield services and products to exploration and production companies in North America. The company’s services include hydraulic fracturing, coiled tubing, pressure pumping, cementing, nitrogen pumping, and other well completion services. Liberty Oilfield Services Inc. was founded in 2011 and is headquartered in Denver, Colorado.

The company went public on the New York Stock Exchange (NYSE) in 2014, under the ticker symbol “LBRT.” As of February 2019, Liberty Oilfield Services’ market capitalization was $5.4 billion. According to its website, Liberty Oilfield Services’ mission is to “deliver superior results through operational excellence and innovation.”

The company strives to provide its customers with safe, efficient, and cost-effective services that help them maximize their production potential. In 2018, Liberty Oilfield Services generated revenue of $2.1 billion and net income of $190 million.

When Did Liberty Oilfield Services Go Public

In September of 2008, Liberty Oilfield Services went public through an initial public offering (IPO). The company had originally filed for IPO in July, but postponed the offering due to market conditions at the time. Liberty raised $345 million in the IPO, with shares priced at $18 each.

The underwriters for the deal were JPMorgan and Credit Suisse. Prior to going public, Liberty was majority-owned by private equity firm Warburg Pincus. Warburg Pincus first invested in the company in 2005, and took it public just three years later.

In total, Warburg Pincus invested $250 million in Liberty. Since going public, Liberty has continued to grow rapidly. In 2014, the company acquired Complete Production Services (CPS) for $2.3 billion.

This acquisition made Liberty one of the largest fracturing services providers in North America. More recently, in 2019, Liberty announced plans to merge with Keane Group in an all-stock transaction valued at $7 billion.

How Have Investors Fared Since Liberty Oilfield Services’ Ipo

It’s been about a year and a half since Liberty Oilfield Services’ IPO, so how have investors fared? To answer this, we first need to look at Liberty’s stock price history. After pricing its IPO at $19 per share, Liberty’s stock shot up to around $32 per share in the months that followed.

However, the oil market downturn that began in late 2014 took a toll on the company, and by early 2016 Liberty’s stock had fallen all the way back down to its IPO price. But things started to turn around for Liberty in the second half of 2016. The company announced several major contracts with prominent oil companies, and its stock price began to rebound.

By early 2017, Liberty was once again trading above $30 per share. So overall, it has been a rollercoaster ride for investors in Liberty Oilfield Services since its IPO. However, those who held onto their shares through the tough times have been rewarded with significant gains over the past year or so.

Seeing underinvestment in oil and gas but demand will soon spike: Liberty Oilfield Services CEO

Liberty Oilfield Services Stock Forecast

The Liberty Oilfield Services stock forecast is bullish. The company is expected to continue to grow at a rapid pace, driven by strong demand for its services. The stock is trading at a discount to its peers and has significant upside potential.

Liberty Stock Price

Liberty stock is currently trading at $24.50 per share. The company has a market capitalization of $4.85 billion and an enterprise value of $8.13 billion. The stock has a 52-week range of $16.51-$32.15, and its dividend yield is 2%.

The company reported strong fourth-quarter results on February 28, with adjusted EPS of $0.72 beating the consensus estimate by $0.04. Revenue came in at $1.31 billion, up 4% year-over-year and also ahead of the Street’s forecast of $1.29 billion. Liberty attributed the better-than-expected performance to higher subscriber growth at its subsidiaries Virgin Media and Charter Communications.

Liberty Energy Share Price

The Liberty Energy share price has been on a roller coaster ride over the past year. The stock hit a 52-week high of $4.20 in early March 2020 but then nosedived to a low of $0.60 in late June amid the Covid-19 pandemic sell-off. However, the shares have since recovered and are currently trading at around $2.30.

Liberty Energy is an oil and gas exploration and production company with operations in the United States and Canada. The company’s main focus is on its assets in the Bakken region of North Dakota, where it holds around 90,000 acres of leasehold interest. Liberty Energy also has exposure to the Permian Basin in Texas through its minority stake in privately held Permian Resources LLC.

Despite the challenges posed by Covid-19, Liberty Energy remains confident about its long-term prospects and is moving ahead with its plans to drilled 30 gross (18 net) wells in 2020. The company has already completed drilling operations at 13 gross (9 net) wells and expects to bring these wells online later this year. In addition, Liberty Energy has entered into an agreement to acquire additional acreage in the Bakken region which will further increase its exposure to this highly prospective play.

Looking ahead, Liberty Energy is well positioned to take advantage of improving conditions in the oil market as demand starts to recover from Covid-19 related losses. With a strong balance sheet and experienced management team, the company is well placed to weather any further stormy conditions that may lie ahead and deliver shareholder value over the long term.

Liberty Insurance Stock

Liberty Insurance Holdings, Inc. is a holding company that, through its subsidiaries, engages in the property and casualty insurance businesses in the United States. It offers automobile insurance products, including personal auto insurance, commercial auto insurance, and other ancillary products. The company also provides homeowners’ insurance products comprising dwelling fire policies and homeowners’ policies; other lines of business include surety bonds, workers’ compensation, excess and surplus lines coverages for small businesses and certain individuals with unusual or difficult to place risks.

In addition it offers various life insurance products consisting of whole life policy, universal life policy, indexed universal life policy, term life policy, annuity contracts; health benefit plans comprising major medical plans covering hospitalization expense benefits and outpatient care benefits; as well as dental plans that offer dental office visit coverage for preventive care services. Liberty Insurance Holdings was founded in 1853 and is headquartered in Boston , Massachusetts .

Liberty Mutual Stock

Founded in 1912, Liberty Mutual is a leading insurance company that offers a wide range of insurance products and services to individuals, families, and businesses. Liberty Mutual is a publicly traded company listed on the New York Stock Exchange under the ticker symbol “LM”. As of December 31, 2018, Liberty Mutual had $38.3 billion in consolidated assets and $12.6 billion in consolidated equity.

The company reported net income of $2.0 billion for 2018. Liberty Mutual’s primary lines of business are property and casualty insurance, which accounted for approximately 84% of the company’s net written premiums in 2018. The company also offers life insurance, disability income insurance, reinsurance, and other specialty lines of business.

Liberty Mutual operates in more than 30 countries and territories around the world and has over 50,000 employees. The company’s headquarters are located in Boston, Massachusetts.

Liberty Oilfield Services Jobs

Liberty Oilfield Services is a leading provider of hydraulic fracturing services in the United States. The company has operations in Colorado, North Dakota, Pennsylvania, Texas and Wyoming. Liberty Oilfield Services jobs are available in a variety of positions, including field service technicians, account managers, sales representatives and more.

Liberty Energy Inc Investor Relations

Liberty Energy Inc is an oil and gas exploration and production company with a focus on the Appalachian Basin. The company is headquartered in Pittsburgh, Pennsylvania. The company’s website includes an investor relations section that provides detailed information about the company’s business strategy, financial performance, and stock information.

The website also includes a link to the company’s most recent annual report. In addition to its website, Liberty Energy also has a presence on social media platforms including Twitter and LinkedIn. The company uses these platforms to provide updates about its business operations and to engage with shareholders and potential investors.

Liberty Oilfield Services News

On October 28, 2019, Liberty Oilfield Services Inc. (“Liberty”) announced that it has entered into a definitive agreement to be acquired by Schlumberger Limited (“Schlumberger”). Under the terms of the agreement, Schlumberger will acquire all of the outstanding shares of Liberty common stock in an all-stock transaction valued at approximately $2.7 billion. The acquisition is expected to close in the first quarter of 2020, subject to customary closing conditions and regulatory approvals.

Following the close of the transaction, Liberty shareholders will own approximately 1% of Schlumberger’s outstanding common shares on a fully diluted basis. Upon completion of the acquisition, Liberty will operate as a standalone business within Schlumberger with its current management team and employees remaining in place. The business will continue to be headquartered in Denver, Colorado with operations across North America.

Conclusion

Liberty Oilfield Services is a company that provides hydraulic fracturing services to the oil and gas industry. The company’s stock is down about 50% from its 52-week high, and some investors are wondering if now is a good time to buy. The author of this blog post thinks that Liberty Oilfield Services is a good stock to buy right now.

The company’s fundamentals are strong, and the recent sell-off provides an opportunity to buy shares at a discount.

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