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Liberty Energy Inc. (LBRT) Is Down -7.56% in 2023 With Lots of Room to Run

Liberty Energy Inc. (NYSE: LBRT) is -7.56% lower on its value in year-to-date trading and has touched a low of $10.45 and a high of $20.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LBRT stock was last observed hovering at around $14.72 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $22.00 for the next 12 months. It is also 45.19% off the consensus price target high of $27.00 offered by 15 analysts, but current levels are 7.5% higher than the price target low of $16.00 for the same period.

Currently trading at $14.80, the stock is -5.07% and -7.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing 0.54% at the moment leaves the stock -1.65% off its SMA200. LBRT registered 25.53% gain for a year compared to 6-month gain of 22.82%.

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The stock witnessed a -5.13% loss in the last 1 month and extending the period to 3 months gives it a -5.01%, and is -10.79% 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 4.67% over the week and 4.93% over the month.

Liberty Energy Inc. (LBRT) has around 3601 employees, a market worth around $2.69B and $3.61B in sales. Current P/E ratio is 14.90 and Fwd P/E is 4.41. Profit margin for the company is 5.30%. Distance from 52-week low is 41.63% and -26.18% 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 2.20, where 6 rate it as a Hold and 1 think it is a “Overweight”. 8 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 04/19/2023.The EPS is expected to grow by 24.00% this year.

Liberty Energy Inc. (LBRT) Top Institutional Holders

The shares outstanding are 185.51M, and float is at 167.39M with Short Float at 3.76%.

Liberty Energy Inc. (LBRT) Insider Activity

A total of 31 insider transactions have happened at Liberty Energy Inc. (LBRT) in the last six months, with sales accounting for 24 and purchases happening 7 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 17,324 shares of the company’s common stock on Dec 02 at a price of $16.09 per share for a total of $0.28 million. Following the sale, the insider now owns 3.12 million shares.

Liberty Energy Inc. disclosed in a document filed with the SEC on Dec 01 that Wright Christopher A (Chairman of the Board & CEO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Dec 01 and was made at $16.31 per share for $0.82 million. Following the transaction, the insider now directly holds 3.14 million shares of the LBRT stock.

Still, SEC filings show that on Nov 11, Wright Christopher A (Chairman of the Board & CEO) disposed off 4,776 shares at an average price of $18.09 for $86398.0. The insider now directly holds 3,187,339 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 44.17% up over the past 12 months and Patterson-UTI Energy Inc. (PTEN) that is 64.49% higher over the same period. NexTier Oilfield Solutions Inc. (NEX) is 71.27% up on the 1-year trading charts.

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