What The Financials Tell Us About Liberty Energy Inc. (LBRT)

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SNOW Stock

Liberty Energy Inc. (NYSE:LBRT) finished Wednesday with a subtraction of -$0.3 to close at $12.77, a downside of -2.30 percent. An average of 2,747,320 shares of common stock have been traded in the last five days. There was a fall of -$2.27 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,942,635 shares traded, while the 50-day average volume stands at 2,953,998.

LBRT stock has decreased by -13.36% in the last month. The company shares reached their 1-month lowest point of $12.75 on 09/20/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $8.50 and a high of $20.05 in 52 weeks. It has reached a new high 19 times so far this year and achieved 31.65% or $3.07 in price. In spite of this, the price is down -36.31% from the 52-week high.

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Insider Transactions

10 days have passed since Liberty Energy Inc. (LBRT) last reported insider trading activity. Wright Christopher A, who is Chairman of the Board & CEO, most recently acquired $3,189 shares at $15.06 per share on Sep 12. In this transaction, the insider spent $48,026. Chairman of the Board & CEO, Wright Christopher A, disposed of 16,011 shares at a price of $15.04 on Sep 09. The insider now owns more than $240,805 worth of shares. Prior to that, Chairman of the Board & CEO Wright Christopher A went on to Sale 800 shares at $15.09 each on Sep 06. An amount of $12,072 was transacted.

Valuation Metrics

Liberty Energy Inc. (LBRT) stock’s beta is 2.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.82, the price-to-book (PB) ratio at 1.80.

Financial Health

The quick ratio of Liberty Energy Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.20 for the quarter ending June 29. Its gross profit as reported stood at $220.86 million compared to revenue of $2.47 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Liberty Energy Inc.’s return on assets was 0.20%.

Earnings Surprise

For the three-month period that ended June 29, Liberty Energy Inc. had $252.94 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $105.16 million in the quarter, while revenues of -$5.38 million were grew 148.08%. The analyst consensus anticipated Liberty Energy Inc.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.55, a 175.00% surprise. For the quarter, EBITDA amounted to $187.65 million. Shareholders own equity worth $187.19 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Liberty Energy Inc. (LBRT) price momentum. RSI 9-day as of the close on 21 September was 29.95%, suggesting the stock is oversold, with historical volatility in this time frame at 52.37%.

As of today, LBRT’s price is $13.49 -15.09% or -$2.27 from its 5-day moving average. LBRT is currently trading -15.88% lower than its 20-day SMA and -27.69% lower than its 100-day SMA. However, the stock’s current price level is +9.33% above the SMA50 and +42.84% above the SMA200.

The stochastic %K and %D were 10.26% and 13.19%, respectively, and the average true range (ATR) was 0.78. With the 14-day stochastic at 0.79% and the average true range at 0.79, the RSI (14) stands at 36.93%. The stock has reached -0.99 on the 9-day MACD Oscillator while the 14-day reading was at -1.13.

Analyst Ratings

RBC Capital Mkts upgraded Liberty Energy Inc. (NYSE: LBRT) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Liberty Energy Inc. (LBRT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LBRT, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.

What is LBRT’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $25.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Liberty Energy Inc. (LBRT) stock is $20.38.


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