NJ Pension Fund Invests $1.65 Million in Liberty Oilfield Services, Boosting Energy Company’s Growth
October 1, 2024
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Liberty Oilfield Services ($NYSE:LBRT) is an independent provider of highly skilled hydraulic fracturing services to onshore oil and natural gas exploration and production (“E&P”) companies. The company offers a full suite of services, including advanced frac design, well completion, and production optimization. With its state-of-the-art fleet of equipment and experienced team, Liberty has established itself as a leader in the energy industry, serving major E&P companies across the United States. Recently, the State of New Jersey Common Pension Fund D made a significant investment in Liberty Oilfield Services, acquiring a $1.65 million stake in the company. This move is a strong indication of the fund’s confidence in the company’s growth potential and its ability to deliver returns to investors. This investment comes at a time when Liberty has been showing steady growth, despite the challenges faced by the energy industry. This growth is attributed to Liberty’s strong customer relationships and its focus on cost management. The investment from the New Jersey pension fund will provide Liberty with additional capital to continue its growth trajectory and expand its services.
This is especially crucial now as the energy industry is slowly recovering from the impacts of the COVID-19 pandemic and demand for oil and natural gas is expected to increase in the coming months. Moreover, this investment is also a testament to Liberty’s commitment to responsible and sustainable energy practices. The company has been recognized for its innovative and environmentally-conscious approach to hydraulic fracturing, which includes reducing emissions and reusing water in its operations. This aligns with the New Jersey pension fund’s focus on investing in companies that prioritize environmental, social, and governance (ESG) factors. In addition to boosting Liberty’s growth potential, this investment also provides benefits to the State of New Jersey Common Pension Fund D. By diversifying its portfolio and investing in a growing energy company, the fund can potentially increase its returns and strengthen its financial standing. In conclusion, the State of New Jersey Common Pension Fund D’s investment in Liberty Oilfield Services is a significant move that highlights the company’s potential for growth and its commitment to responsible energy practices. With this boost in capital, Liberty is well-positioned to continue its upward trajectory in the energy industry and deliver returns to its investors.
Market Price
This move is expected to boost the growth of the company and potentially bring positive returns for investors. On Friday, when the investment was announced, Liberty Oilfield Services’ stock opened at $18.96 and closed at $18.98. This represented a 1.61% increase from the previous closing price of $18.68. The news of the investment seemed to have a positive impact on the company’s stock, as it closed higher than the previous day. For Liberty Oilfield Services, this investment means a boost in capital and resources, which can be used to expand operations, improve technology, and invest in new projects. This influx of funds can also help the company weather any potential market fluctuations or challenges that may arise.
Furthermore, this investment aligns with Liberty Oilfield Services’ mission of providing sustainable and responsible energy solutions. The company focuses on utilizing advanced technologies and techniques to minimize environmental impact while maximizing efficiency in oil and gas extraction. Overall, the investment from the New Jersey Pension Fund is a significant development for Liberty Oilfield Services. It not only provides a financial boost for the company but also serves as a validation of its growth strategies and potential for future success. With this new partnership, Liberty Oilfield Services can continue to expand its presence in the energy sector and contribute to the sustainable development of the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LBRT. More…
| Total Revenues | Net Income | Net Margin |
| 4.75k | 556.32 | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LBRT. More…
| Operations | Investing | Financing |
| 957.6 | -450.66 | -55.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LBRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.03k | 1.19k | 10.92 |
Key Ratios Snapshot
Some of the financial key ratios for LBRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 70.0% | 67.3% | 16.1% |
| FCF Margin | ROE | ROA |
| 7.6% | 26.3% | 15.7% |
Analysis
After conducting a thorough analysis of LIBERTY OILFIELD SERVICES’s financials, I have determined that the company falls into the “gorilla” category according to our Star Chart. This means that they have achieved stable and high revenue or earning growth due to their strong competitive advantage. This is a positive sign for investors, as it shows that the company has a solid foundation and is capable of delivering consistent profits. In terms of financial performance, LIBERTY OILFIELD SERVICES is strong in areas such as dividend payouts and growth, while also showing decent numbers in terms of assets and profitability. This indicates that the company has a healthy balance between rewarding shareholders and reinvesting in its own growth. One type of investor that may be interested in LIBERTY OILFIELD SERVICES is someone looking for a stable and potentially high-growth investment. The company’s track record of strong revenue and earnings growth, along with its competitive advantage, make it an attractive option for those seeking long-term returns. Furthermore, LIBERTY OILFIELD SERVICES has a high health score of 8/10 when it comes to its cash flows and debt management. This means that the company is in a strong position to pay off its debts and fund future operations. For investors, this is an encouraging sign as it shows that the company is not overleveraged and has the ability to weather any potential financial challenges. Overall, based on our analysis, LIBERTY OILFIELD SERVICES appears to be a promising investment opportunity for those seeking a stable and potentially high-growth company. With a strong competitive advantage, solid financial performance, and a healthy balance sheet, the company has all the makings of a successful and profitable business. More…
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
The State of New Jersey Common Pension Fund D has invested $1.65 million in Liberty Energy Inc., according to a recent report by Defense World. This investment indicates confidence in the company’s potential for growth and profitability. Investors may be drawn to Liberty Energy’s strong performance in the oilfield services industry, which includes hydraulic fracturing and well completion services.
Additionally, the company boasts a diverse portfolio of both onshore and offshore assets, providing further stability for investors. With this investment, Liberty Energy may have the resources needed to continue expanding its operations and delivering strong returns for shareholders.
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