LBRT - Post-IPO Analysis: Liberty Oilfield Services Has Continued Doldrums Ahead
Quick Take
Liberty Oilfield Services (LBRT) will report financial results for its second quarter on Tuesday, July 30, 2019.
The firm provides hydraulic fracturing services to exploration companies in the U.S. oil & gas industry.
LBRT faces intense competition which has driven pricing downward, negatively affecting earnings. I don’t foresee any meaningful catalyst to the stock unless consolidation occurs or increased drilling opportunities appear.
Company & Business
Liberty began operations in late 2011 and provides hydraulic fracturing to E&P (Exploration & Production) companies in the oil & gas industry located onshore in North