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Liberty Oilfield Services (LBRT) Stock Moves -0.63%: What You Should Know

·3 min read

Liberty Oilfield Services (LBRT) closed at $12.69 in the latest trading session, marking a -0.63% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.84%. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, lost 0.18%.

Coming into today, shares of the provider of hydraulic fracturing services had lost 19.23% in the past month. In that same time, the Oils-Energy sector lost 4.09%, while the S&P 500 lost 10.24%.

Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022. In that report, analysts expect Liberty Oilfield Services to post earnings of $0.60 per share. This would mark year-over-year growth of 372.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.04 billion, up 59.43% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.70 per share and revenue of $3.82 billion, which would represent changes of +266.67% and +54.73%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Liberty Oilfield Services. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Liberty Oilfield Services is holding a Zacks Rank of #1 (Strong Buy) right now.

In terms of valuation, Liberty Oilfield Services is currently trading at a Forward P/E ratio of 7.5. This valuation marks a discount compared to its industry's average Forward P/E of 17.27.

The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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