LBRT Can Be Unsteady In The Short-Term
Liberty Oilfield Services (LBRT) provides hydraulic fracturing services to the onshore energy E&P companies in the Permian Basin, the DJ Basin, the Eagle Ford Shale, the Williston Basin, and the Powder River Basin in North America. Returns from the stock can decline in the short-term due to the pressure on the top and bottom line. Over the medium-to-long-term, I expect the stock to produce positive returns once the completions activities resume the action.
LBRT’s EBITDA per active fleet increased in Q1 2019, despite the pricing pressure