Liberty Energy Inc (NYSE: LBRT) is 7.17% higher on its value in year-to-date trading and has touched a low of $16.33 and a high of $24.75 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 $19.86 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $19.44, the stock is -4.73% and -7.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -2.11% at the moment leaves the stock -6.15% off its SMA200. LBRT registered 17.75% gain for a year compared to 6-month loss of -8.52%.
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The stock witnessed a -4.19% gain in the last 1 month and extending the period to 3 months gives it a -14.55%, and is -5.03% 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 3.21% over the week and 2.81% over the month.
Liberty Energy Inc (LBRT) has around 5500 employees, a market worth around $3.21B and $4.52B in sales. Current P/E ratio is 7.76 and Fwd P/E is 7.40. Profit margin for the company is 9.53%. Distance from 52-week low is 19.01% and -21.45% from its 52-week high. The company has generated returns on investments over the last 12 months (18.59%).
Liberty Energy Inc quarterly earnings per share for the current quarter are estimated at 0.62 with sales reaching $1.16B over the same period.The EPS is expected to shrink by -29.98% this year, but quarterly earnings will post -5.30% year-over-year. Quarterly sales are estimated to shrink -4.30% in year-over-year returns.
452.0 institutions hold shares in Liberty Energy Inc (LBRT), with institutional investors hold 113.78% of the company’s shares. The shares outstanding are 166.61M, and float is at 159.60M with Short Float at 12.62%. Institutions hold 103.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 25.27 million shares valued at $527.92 million. The investor’s holdings represent 15.2046 of the LBRT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.25 million shares valued at $360.36 million to account for 10.3788 of the shares outstanding. The other top investors are FMR LLC which holds 15.48 million shares representing 9.3106 and valued at over $323.28 million, while DIMENSIONAL FUND ADVISORS LP holds 5.7684 of the shares totaling 9.59 million with a market value of $200.28 million.
Liberty Energy Inc (LBRT) Insider Activity
Liberty Energy Inc disclosed in a document filed with the SEC on Aug 01 ’24 that Wright Christopher A (Chairman of the Board and CEO) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Aug 01 ’24 and was made at $22.79 per share for $0.46 million. Following the transaction, the insider now directly holds 2.72 million shares of the LBRT stock.
Still, SEC filings show that on Aug 02 ’24, Wright Christopher A (Chairman of the Board and CEO) disposed off 20,000 shares at an average price of $21.25 for $0.42 million. The insider now directly holds 2,698,813 shares of Liberty Energy Inc (LBRT).
