Liberty Oilfield Services Inc. (NYSE:LBRT) is among the top gainers of the stock market today, skyrocketing 3.29% or (0.25 points) to $7.99 from its previous close of $7.74. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 172768 contracts so far this session. LBRT shares had a relatively better volume day versus average trading capacity of 790.98 thousand shares, but with a 55.22 million float and a -0.77% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LBRT stock indicates that the average analyst price target is $13 per share. This means the stock has a potential increase of 62.7% from where the LBRT share price has been trading recently.
During the recent trading session for Liberty Oilfield Services Inc. (NYSE:LBRT), the company witnessed their stock rise $0.19 over a week and tumble down $-2.8 from the price 20 days ago. When compared to their established 52-week high of $17.7, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/20/19. The recent low of $7.31 stood for a -54.83% since 10/02/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Liberty Oilfield Services Inc., the two-week RSI stands at 37.49. This figure suggests that LBRT stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LBRT readings is similarly very revealing as it has a stochastic reading of 27.86% at this stage. This figure means that LBRT share price today is being overbought.
Technical chart claims that Liberty Oilfield Services Inc. (LBRT) would settle between $7.82/share to $7.91/share level. However, if the stock price goes below the $7.62 mark, then the market for Liberty Oilfield Services Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $7.5 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.12. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Cowen lifted target price for shares of LBRT but were stick to Market Perform recommendation for the stock in their opinion released on February 07. The price target has been raised from $9.50 to $7. Scotiabank analysts bumped their rating on Liberty Oilfield Services Inc. (NYSE:LBRT) stock from Sector Perform to Sector Outperform in a separate flash note issued to investors on January 06. Analysts at Citigroup released an upgrade from Neutral to Buy for the stock, in a research note that dated back to December 10.
LBRT equity has an average rating of 2.12, with the figure leaning towards a bullish end. 17 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 13 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 13 analysts rated Liberty Oilfield Services Inc. (NYSE:LBRT) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Liberty Oilfield Services Inc. (LBRT)’s current-quarter revenues are projected to climb by nearly -8.5% to hit $454640, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -4.8% from $1.99 billion to a noteworthy $1.89 billion. At the other end of the current quarter income statement, Liberty Oilfield Services Inc. is expected to see its adjusted earnings surge by roughly -103.2% to hit $-0.01 per share. For the fiscal year, LBRT’s earnings are projected to climb by roughly -57.1% to hit $0.27 per share.