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Why should you keep an eye on Liberty Energy Inc (LBRT)?

Liberty Energy Inc (NYSE: LBRT) is 19.46% higher on its value in year-to-date trading and has touched a low of $11.62 and a high of $22.16 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 $20.97 in the last trading session, with the day’s gains setting it 0.7%.

Currently trading at $21.67, the stock is 4.11% and 6.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing 3.34% at the moment leaves the stock 19.66% off its SMA200. LBRT registered 72.12% gain for a year compared to 6-month gain of 17.01%. The firm has a 50-day simple moving average (SMA 50) of $0.84 and a 200-day simple moving average (SMA200) of $3.35.

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The stock witnessed a -0.78% loss in the last 1 month and extending the period to 3 months gives it a 19.46%, and is 5.71% 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 2.63% over the week and 3.36% over the month.

Liberty Energy Inc (LBRT) has around 5500 employees, a market worth around $3.60B and $4.75B in sales. Current P/E ratio is 6.87 and Fwd P/E is 6.83. Profit margin for the company is 11.72%. Distance from 52-week low is 86.49% and -2.21% from its 52-week high. The company has generated returns on investments over the last 12 months (25.53%).

Liberty Energy Inc quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $1.09B over the same period.The EPS is expected to shrink by -15.76% this year, but quarterly earnings will post -3.10% year-over-year. Quarterly sales are estimated to shrink -14.00% in year-over-year returns.

Liberty Energy Inc (LBRT) Top Institutional Holders

414 institutions hold shares in Liberty Energy Inc (LBRT), with institutional investors hold 110.12% of the company’s shares. The shares outstanding are 166.61M, and float is at 160.12M with Short Float at 10.46%. Institutions hold 100.17% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 19.65 million shares valued at $262.76 million. The investor’s holdings represent 11.53% of the LBRT Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 15.08 million shares valued at $201.59 million to account for 8.85% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.72 million shares representing 8.64% and valued at over $196.82 million, while T. Rowe Price Investment Management, Inc. holds 5.64% of the shares totaling 9.61 million with a market value of $128.53 million.

Liberty Energy Inc (LBRT) Insider Activity

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 20,000 shares of the company’s common stock on Mar 19 ’24 at a price of $20.72 per share for a total of $0.41 million. Following the sale, the insider now owns 2.81 million shares.

Liberty Energy Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Wright Christopher A (Chairman of the Board & CEO) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $20.27 per share for $0.41 million. Following the transaction, the insider now directly holds 2.83 million shares of the LBRT stock.

Still, SEC filings show that on Mar 08 ’24, Kimble William F (Director) disposed off 12,459 shares at an average price of $21.55 for $0.27 million. The insider now directly holds 69,963 shares of Liberty Energy Inc (LBRT).

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