A Reversal for Liberty Oilfield Services Inc. (LBRT) Is Not Near. The Stock Reaches 1 Year Low Today

The stock of Liberty Oilfield Services Inc. (NYSE:LBRT) hit a new 52-week low and has $10.77 target or 5.00 % below today’s $11.34 share price. The 6 months bearish chart indicates high risk for the $1.28 billion company. The 1-year low was reported on Aug, 14 by Barchart.com. If the $10.77 price target is reached, the company will be worth $63.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.55% or $0.54 during the last trading session, reaching $11.34. About 510,877 shares traded. Liberty Oilfield Services Inc. (NYSE:LBRT) has declined 24.93% since August 14, 2018 and is downtrending. It has underperformed by 24.93% the S&P500.

Liberty Oilfield Services Inc. (NYSE:LBRT) Ratings Coverage

Among 4 analysts covering Liberty Oilfield Services (NYSE:LBRT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Liberty Oilfield Services had 7 analyst reports since March 11, 2019 according to SRatingsIntel. The stock of Liberty Oilfield Services Inc. (NYSE:LBRT) earned “Overweight” rating by Morgan Stanley on Friday, July 12.

More notable recent Liberty Oilfield Services Inc. (NYSE:LBRT) news were published by: Seekingalpha.com which released: “Liberty Oilfield Services: A Good Investment To Consider – Seeking Alpha” on January 23, 2019, also Finance.Yahoo.com with their article: “Liberty Oilfield Services Inc. Announces Secondary Public Offering of Class A Common Stock – Yahoo Finance” published on July 08, 2019, Seekingalpha.com published: “Liberty Frac Pumps Up The Volumes – Seeking Alpha” on May 01, 2019. More interesting news about Liberty Oilfield Services Inc. (NYSE:LBRT) were released by: Seekingalpha.com and their article: “Liberty Oilfield Services – Pump Up The Volume – Seeking Alpha” published on January 11, 2018 as well as Seekingalpha.com‘s news article titled: “Liberty Oilfield Trudges Along The Road To Recovery – Seeking Alpha” with publication date: May 20, 2019.

Liberty Oilfield Services Inc. provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company has market cap of $1.28 billion. It has 19 active fleets. It has a 8.46 P/E ratio. The firm provides its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.

Liberty Oilfield Services Inc. (NYSE:LBRT) Ratings Chart

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