Liberty Oilfield Services Inc. is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with its customers. Liberty is headquartered in Denver, Colorado.
Company profile
Ticker
LBRT
Exchange
Website
CEO
Christopher A. Wright
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Liberty Oilfield Services Inc.
SEC CIK
Corporate docs
Subsidiaries
Liberty Oilfield Services New HoldCo LLC • Liberty Oilfield Services LLC • Freedom Proppant LLC • LOS Kermit LLC • Proppant Express Solutions, LLC • LOS Canada Holdings Inc. • LOS Canada Operations ULC ...
LBRT stock data
Analyst ratings and price targets
Current price
Average target
$19.33
Low target
$17.00
High target
$21.00
Citigroup
Maintains
$17.00
Morgan Stanley
Maintains
$20.00
Piper Sandler
Maintains
$21.00
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
26 Jan 23
8-K
Liberty Energy Inc. Announces Fourth Quarter and Full Year 2022 Financial and Operational Results
25 Jan 23
10-Q
2022 Q3
Quarterly report
20 Oct 22
8-K
Liberty Energy Inc. Announces Third Quarter 2022 Financial and Operational Results
19 Oct 22
8-K
Regulation FD Disclosure
6 Sep 22
8-K
Entry into a Material Definitive Agreement
17 Aug 22
8-K
Regulation FD Disclosure
8 Aug 22
10-Q
2022 Q2
Quarterly report
27 Jul 22
8-K
Liberty Energy Inc. Announces Second Quarter 2022 Financial and Operational Results
25 Jul 22
8-K
Entry into a Material Definitive Agreement
21 Jul 22
Transcripts
LBRT
Earnings call transcript
2022 Q4
26 Jan 23
LBRT
Earnings call transcript
2022 Q3
20 Oct 22
LBRT
Earnings call transcript
2022 Q2
26 Jul 22
LBRT
Earnings call transcript
2022 Q1
21 Apr 22
LBRT
Earnings call transcript
2021 Q4
9 Feb 22
LBRT
Earnings call transcript
2021 Q3
28 Oct 21
LBRT
Earnings call transcript
2021 Q2
29 Jul 21
LBRT
Earnings call transcript
2021 Q1
28 Apr 21
LBRT
Earnings call transcript
2020 Q4
5 Feb 21
LBRT
Earnings call transcript
2020 Q3
28 Oct 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 24.05 mm | 24.05 mm | 24.05 mm | 24.05 mm | 24.05 mm | 24.05 mm |
| Cash burn (monthly) | 5.81 mm | 888.33 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 23.95 mm | 3.66 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 90.46 k | 20.38 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 0.0 | 22.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
91.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 213 |
| Opened positions | 42 |
| Closed positions | 35 |
| Increased positions | 90 |
| Reduced positions | 53 |
| 13F shares | Current |
|---|---|
| Total value | 2.24 bn |
| Total shares | 166.16 mm |
| Total puts | 61.30 k |
| Total calls | 139.30 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 24.05 mm | $304.99 mm |
| SLB SLB | 23.07 mm | $426.79 mm |
| Vanguard | 16.97 mm | $215.21 mm |
| BLK Blackrock | 13.14 mm | $166.57 mm |
| T. Rowe Price Investment Management | 10.68 mm | $135.38 mm |
| Van Eck Associates | 7.77 mm | $98.47 mm |
| Dimensional Fund Advisors | 4.76 mm | $60.38 mm |
| Deutsche Bank AG - Registered Shares | 3.89 mm | $49.34 mm |
| BK Bank Of New York Mellon | 3.32 mm | $42.15 mm |
| JFG Wealth Management | 3.25 mm | $41.19 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Jan 23 | Audrey Robertson | Class A Common Stock | Grant | Acquire A | No | No | 0 | 10,259 | 0.00 | 31,310 |
| 2 Jan 23 | Cary D. Steinbeck | Class A common stock | Grant | Acquire A | No | No | 0 | 10,259 | 0.00 | 60,313 |
| 2 Jan 23 | Gale A Norton | Class A Common Stock | Grant | Acquire A | No | No | 0 | 10,259 | 0.00 | 56,952 |
| 2 Jan 23 | Ken Babcock | Class A common stock | Grant | Acquire A | No | No | 0 | 10,259 | 0.00 | 131,956 |
| 2 Jan 23 | Peter A Dea | Class A common stock | Grant | Acquire A | No | No | 0 | 10,259 | 0.00 | 60,313 |
News
Citigroup Maintains Neutral on Liberty Energy, Lowers Price Target to $17
27 Jan 23
Liberty Oilfield Services Q4 EPS $0.82 Beats $0.75 Estimate, Sales $1.23B Beat $1.20B Estimate
25 Jan 23
Earnings Scheduled For January 25, 2023
25 Jan 23
Liberty Oilfield Services's Earnings Outlook
24 Jan 23
Morgan Stanley Maintains Overweight on Liberty Energy, Lowers Price Target to $20
4 Jan 23
Press releases
Liberty Energy Inc. Announces Fourth Quarter and Full Year 2022 Financial and Operational Results
25 Jan 23
Liberty Energy Increases Share Repurchase Authorization to $500 Million and Announces Quarterly Cash Dividend
24 Jan 23
Liberty Energy Inc. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call
28 Dec 22