LIBERTY OILFIELD SERVICES: Climbing Above November Highs

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LIBERTY OILFIELD SERVICES ($NYSE:LBRT) is a leading provider of oilfield services. The company’s stock has been lagging behind WTI and Brent prices for the last month as prices retreat. Economic growth jitters and uncertainty regarding policy from OPEC+ are macro factors weighing on oil and some Energy sector equities. Still, oil services stocks are attempting to climb above their November highs amid a broad market rally. LIBERTY OILFIELD SERVICES provides a wide range of services for the oil and gas industry, including drilling, completion, and production services. The company has a strong presence in North America and is one of the largest providers of fracking services in the United States. The stock has underperformed the broader energy sector in recent months as oil prices have retreated.

However, LIBERTY OILFIELD SERVICES is attempting to climb back above its November highs amid a broad market rally. While macroeconomic factors remain a concern, the company’s strong position in the market and its diverse service offerings provide some upside potential.

Stock Price

LIBERTY OILFIELD SERVICES is a leading provider of oilfield services. The company has a strong presence in the United States and Canada, and has a growing international business. LIBERTY OILFIELD SERVICES has been in the news recently for its strong performance. The company’s stock has climbed above November highs, and news sentiment is mostly positive.

However, on Monday, LIBERTY OILFIELD SERVICES stock opened at $16.3 and closed at $15.1, a drop of 6.0% from the previous day’s closing price of $16.1. Despite this setback, the company’s stock is still up significantly from where it was trading just a few months ago. Live Quote…

About the Company

VI Analysis

Liberty Oilfield Services is a company that provides oilfield services, including fracking, to oil and gas companies. The company’s fundamentals reflect its long term potential. Based on the VI Risk Rating, Liberty Oilfield Services is a medium risk investment in terms of financial and business aspects. The VI App has detected 1 risk warning in the balance sheet. More…

VI Peers

The oil and gas industry is a highly competitive market. There are many large and small companies competing for market share. Liberty Energy Inc is a small company that is up against some big names in the industry. Sixty Six Oilfield Services Inc, Serica Energy PLC, and Helix Energy Solutions Group Inc are all large, well-established companies. Liberty Energy Inc is a relative newcomer to the industry, but it has been quickly gaining market share. The company has been aggressive in its pricing and marketing, and it has been able to capture a significant portion of the market.

– Sixty Six Oilfield Services Inc ($OTCPK:SSOF)

Sixty Six Oilfield Services Inc is a publicly traded company with a market cap of 1.63M as of 2022. The company has a strong ROE of 35.81% and is engaged in providing oilfield services to the upstream oil and gas industry. Some of the services offered by the company include drilling, completion, and production services. The company has a strong presence in the Bakken region of North America and is well-positioned to capitalize on the growing demand for oil and gas services in this region.

– Serica Energy PLC ($LSE:SQZ)

Serica Energy PLC is an oil and gas exploration and production company with a market cap of 871.59M as of 2022. The company has a Return on Equity of 64.14%. Serica Energy PLC is engaged in the exploration, development, production and sale of crude oil, natural gas and natural gas liquids. The company has a portfolio of assets in the UK, Indonesia, Vietnam and Trinidad & Tobago.

– Helix Energy Solutions Group Inc ($NYSE:HLX)

Helix Energy Solutions Group Inc is an international offshore energy services company that provides decommissioning and decommissioning services to the oil and gas industry. The company has a market cap of 673.68M as of 2022 and a Return on Equity of -3.94%. Helix Energy Solutions Group Inc is headquartered in Houston, Texas.

Summary

If you’re looking to invest in Liberty Oilfield Services, you may want to consider the company’s recent climb above November highs. While sentiment around the company is mostly positive, it’s worth noting that the stock price did move down slightly the same day. Still, Liberty Oilfield Services is worth considering as an investment, especially if you’re interested in the oil and gas industry. The company has a strong history and is well-positioned to continue its success in the future.