Liberty Energy Inc. (NYSE: LBRT) is 34.74% higher on its value in year-to-date trading and has touched a low of $8.50 and a high of $20.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LBRT stock was last observed hovering at around $13.53 in the last trading session, with the day’s loss setting it -0.46% off its average median price target of $20.00 for the next 12 months. It is also 47.72% off the consensus price target high of $25.00 offered by 15 analysts, but current levels are 12.87% higher than the price target low of $15.00 for the same period.
Currently trading at $13.07, the stock is -12.15% and -5.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -3.40% at the moment leaves the stock -4.04% off its SMA200. LBRT registered 27.26% gain for a year compared to 6-month gain of -8.35%.
The stock witnessed a -9.92% loss in the last 1 month and extending the period to 3 months gives it a -5.08%, and is -9.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.23% over the week and 4.75% over the month.
Liberty Energy Inc. (LBRT) has around 3601 employees, a market worth around $2.59B and $3.07B in sales. Fwd P/E is 4.51. Profit margin for the company is 0.20%. Distance from 52-week low is 53.76% and -34.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.70%).
Liberty Energy Inc. (LBRT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Liberty Energy Inc. (LBRT) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.30, where 7 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Liberty Energy Inc. is expected to release its quarterly report on 10/26/2022.The EPS is expected to grow by 24.00% this year.
Liberty Energy Inc. (LBRT) Top Institutional Holders
The shares outstanding are 186.72M, and float is at 157.73M with Short Float at 5.96%.
Liberty Energy Inc. (LBRT) Insider Activity
A total of 23 insider transactions have happened at Liberty Energy Inc. (LBRT) in the last six months, with sales accounting for 17 and purchases happening 6 times. The most recent transaction is an insider sale by Wright Christopher A,the company’sChairman of the Board & CEO. SEC filings show that Wright Christopher A sold 3,189 shares of the company’s common stock on Sep 12 at a price of $15.06 per share for a total of $48026.0. Following the sale, the insider now owns 3.35 million shares.
Liberty Energy Inc. disclosed in a document filed with the SEC on Sep 09 that Wright Christopher A (Chairman of the Board & CEO) sold a total of 16,011 shares of the company’s common stock. The trade occurred on Sep 09 and was made at $15.04 per share for $0.24 million. Following the transaction, the insider now directly holds 3.35 million shares of the LBRT stock.
Still, SEC filings show that on Sep 06, Wright Christopher A (Chairman of the Board & CEO) disposed off 800 shares at an average price of $15.09 for $12072.0. The insider now directly holds 3,367,315 shares of Liberty Energy Inc. (LBRT).
Liberty Energy Inc. (LBRT): Who are the competitors?
The company’s main competitors (and peers) include Halliburton Company (HAL) that is trading 40.92% up over the past 12 months and Patterson-UTI Energy Inc. (PTEN) that is 79.02% higher over the same period. NexTier Oilfield Solutions Inc. (NEX) is 89.64% up on the 1-year trading charts.