Active Mover: Liberty Oilfield Services Inc. (NYSE: LBRT)

DENVER, June 29, 2019 – Shares of Liberty Oilfield Services Inc. (NYSE: LBRT) showed the bullish trend with a higher momentum of 1.23% to $16.41. The company traded total volume of 239.709K shares as contrast to its average volume of 587.53K shares. The company has a market value of $1.81B and about 111.79M shares outstanding.

Liberty Oilfield Services Inc. (LBRT) reported first-quarter earnings of $18.10M.

First Quarter Results:

For the first quarter of 2019, revenue increased 13% to $535.0M from $473.0M in the fourth quarter of 2018.

Net income before income taxes totaled $40.0M for the first quarter of 2019 contrast to $38.0M for the fourth quarter of 2018, or $41.0M and $32.0M, respectively, after adjusting for loss (gain) on disposal of assets.

Net income totaled $34.0M for the first quarter of 2019 contrast to net income of $34.0M in the fourth quarter of 2018.

Adjusted EBITDA increased 18% to $85.0M from $72.0M in the fourth quarter. Annualized Adjusted EBITDA per average active fleet increased to $15.40M in the first quarter contrast to $13.00M in the fourth quarter. Fully diluted earnings per share were $0.26 for the first quarter of 2019 contrast to $0.27 for the fourth quarter of 2018.

Balance Sheet and Liquidity:

As of March 31, 2019, Liberty had cash on hand of $59.0M and total debt of $106.0M, net of deferred financing costs and original issue discount. There were no borrowings drawn on the ABL credit facility, and total liquidity, counting availability under the credit facility, was $292.0M.

The Company offered net profit margin of 5.50% while its gross profit margin was 23.40%. ROE was recorded as 28.00%. The stock, as of recent close, has shown the weekly upbeat performance of 7.71% which was maintained at 25.17% in this year.

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