The stock of Liberty Energy Inc. (NYSE:LBRT) decreased by -$0.43 on Tuesday to finish at $16.15, down -2.59 percent. The last five days have seen an average of 2,029,660 shares of common stock traded. 6 times new highs were reached in the current year, with a gain of $0.14. The average number of shares traded over the last 20 days was 2,796,395, while the average volume over the last 50 days totaled 2,935,076.
LBRT stock appreciated 6.74% since last month. On 07/20/23, the company’s shares reached a one-month low of $14.75. The stock touched a high of $18.35 on 08/09/23, after rallying from a low of $11.18 in 52 weeks. The price of LBRT stock has risen by 0.87% or $0.14 this year, reaching a new high 6 times. Still, the stock price is down -12.01% from the 52-week high.
Insider Transactions
LBRT stock investors should be aware that Liberty Energy Inc. (LBRT) stock had its last reported insider trading activity 7 days ago on Aug 09. On Aug 09, Chief Legal Officer ELLIOTT R SEAN sold 15,000 shares at $17.16 each. This transaction resulted in the insider making $257,439. On Aug 09, Wright Christopher A sold 9,100 shares at a price of US$17.11. After the transaction, the insider now owns 3,111,723 shares. Chief Accounting Officer Gosney Ryan T had earlier sold 1,500 shares on Aug 09 for $17.00 a share. The transaction was completed for $25,500.
Valuation Metrics
Liberty Energy Inc. (LBRT) has a trailing price-to-earnings (P/E) ratio of 4.80. Beta for the stock is 2.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 1.67, and the price-to-cash flow ratio of 8.59.
Company paid $0.05 per share in dividends, remained unchanged from $0.05 last year.
Financial Health
For the three months ended June 29, Liberty Energy Inc.’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.19, and the total debt to equity ratio is 0.20. As far as profitability goes, gross margin for the trailing twelve months is 28.40% percent. Liberty Energy Inc.’s EBITDA margin for the year ended June 29 was 20.27%, whereas its operating margin stood at 15.20% for the same period. Based on annual data, it had gross profit of $1.0 billion and revenue of $4.15 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LBRT’s return on assets (ROA) during the last 12 months has been 22.80%. There was a 24.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.90%.
Earnings Surprise
According to Liberty Energy Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.19 billion, while revenues rose by 21.12% to $1.26 billion. It was predicted that Liberty Energy Inc.’s quarterly earnings would be $0.85, but it ended up being $0.9, beating the consensus by -5.60%. EBITDA was $305.0 million for the quarter. At the end of Liberty Energy Inc.’s most recent quarter ended June 29, its liabilities totaled 1.25 billion, while its total debt was $428.96 million. Equity owned by shareholders amounts to $170.39 million.
Technical Picture
Here’s a quick look at Liberty Energy Inc.’s (LBRT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 47.63%, suggesting the stock is Neutral, with a 21.04% historical volatility rate.
The stochastic %K and %D were 44.95% and 57.25% respectively, while the average true range (ATR) was 0.48. Based on the 14-day stochastic reading of 22.65%, the RSI (14) reading is 55.21%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at 0.03.
Analyst Ratings
Liberty Energy Inc. (NYSE: LBRT) was downgraded by Morgan Stanley to a an Equal-weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Liberty Energy Inc. (LBRT) an Overweight rating. LBRT is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
