Here's Why Liberty Oilfield Services (LBRT) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Liberty Oilfield Services (LBRT)
Liberty Energy (previously Liberty Oilfield Services) is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America. Hydraulic fracturing is a method used to extract oil and natural gas by blasting underground rock formations with a mixture of water, sand and chemicals.
LBRT boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 52.1% year-over-year for 2023, while Wall Street anticipates its top line to improve by 14.6%.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0 to $3.21 per share. LBRT also boasts an average earnings surprise of 9.9%.
Liberty Oilfield Services is also cash rich. The company has generated cash flow growth of 37.8%, and is expected to report cash flow expansion of 747.6% in 2023.
Investors should take the time to consider LBRT for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Liberty Energy Inc. (LBRT) : Free Stock Analysis Report
