Liberty Energy Inc. (NYSE: LBRT) is -18.18% lower on its value in year-to-date trading and has touched a low of $10.71 and a high of $19.08 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 $13.10 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $19.50 for the next 12 months. It is also 53.21% off the consensus price target high of $28.00 offered by 14 analysts, but current levels are 9.66% higher than the price target low of $14.50 for the same period.
Currently trading at $13.10, the stock is 5.58% and 2.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 0.00% at the moment leaves the stock -10.57% off its SMA200. LBRT registered -12.14% loss for a year compared to 6-month loss of -22.16%. The firm has a 50-day simple moving average (SMA 50) of $0.57 and a 200-day simple moving average (SMA200) of $4.06.
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The stock witnessed a -5.28% gain in the last 1 month and extending the period to 3 months gives it a -11.96%, and is 10.08% up 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 3.52% over the week and 3.72% over the month.
Liberty Energy Inc. (LBRT) has around 4580 employees, a market worth around $2.27B and $4.62B in sales. Current P/E ratio is 4.30 and Fwd P/E is 4.09. Profit margin for the company is 12.30%. Distance from 52-week low is 22.32% and -31.33% from its 52-week high. The company has generated returns on investments over the last 12 months (24.10%).
Liberty Energy Inc. (LBRT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Liberty Energy Inc. (LBRT) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 7 rate it as a Hold and 1 think it is a “Overweight”. 6 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 07/25/2023.The EPS is expected to grow by 305.30% this year.
Liberty Energy Inc. (LBRT) Top Institutional Holders
The shares outstanding are 176.57M, and float is at 167.39M with Short Float at 4.52%.
Liberty Energy Inc. (LBRT) Insider Activity
A total of 24 insider transactions have happened at Liberty Energy Inc. (LBRT) in the last six months, with sales accounting for 8 and purchases happening 16 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 -16.68% down over the past 12 months and Patterson-UTI Energy Inc. (PTEN) that is -30.70% lower over the same period. NexTier Oilfield Solutions Inc. (NEX) is -17.85% down on the 1-year trading charts.