Liberty Energy Inc. (NYSE:LBRT) saw a downside of -0.62% to close Tuesday at $15.97 after subtracting -$0.1 on the day. The 5-day average trading volume is 1,775,280 shares of the company’s common stock. It has gained $16.60 in the past week and touched a new high 1 time within the past 5 days. An average of 2,224,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,868,694.
LBRT’s 1-month performance is 1.27% or $0.63 on its low of $15.36 reached on 07/24/23. The company’s shares have touched a 52-week low of $11.18 and high of $18.35, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, LBRT has lost -0.25% or -$0.04 and has reached a new high 6 times. However, the current price is down -12.99% from the 52-week high price.
Insider Transactions
LBRT stock investors last saw insider trading activity on Aug 09.ELLIOTT R SEAN (Chief Legal Officer) most recently sold 15,000 shares at $17.16 per share on Aug 09. This transaction cost the insider $257,439. Chairman of the Board & CEO, Wright Christopher A, sold 9,100 shares at a price of $17.11 on Aug 09. Then, on Aug 09, Chief Accounting Officer Gosney Ryan T sold 1,500 shares at a price of $17.00 per share. This transaction amounted to $25,500.
Valuation Metrics
LBRT stock has a beta of 2.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55 while the price-to-book (PB) in the most recent quarter is 1.65, with the price to cash flow ratio at 8.39.
Liberty Energy Inc.’s quick ratio for the recent period was 1.20, with the current ratio over the same period at 1.40.. In terms of profitability, the gross margin trailing 12 months is 28.40%. The trailing 12-month EBITDA margin is 20.27%. The firm’s gross profit as reported stood at $1.0 billion against revenue of $4.15 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 31.12% to $152.67 million, while revenue of $162.66 million was -6.54% off the previous quarter. EBITDA for the quarter stood at more than $305.0 million. LBRT stock balance sheet for the recent quarter shows that total liabilities totaled 1.25 billion, with total debt at $428.96 million. Shareholders hold equity totaling $170.39 million.
Let’s look briefly at Liberty Energy Inc. (LBRT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 43.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.61%.
The stock’s 5-day moving average is $16.04, reflecting a -1.11% or -$0.18 change from its current price. LBRT is currently trading -0.56% above its 20-day SMA, +23.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.91% and SMA200 by-5.11%.
Stochastic %K and %D was 23.66% and 20.08% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 51.19%, while the 14-day stochastic is at 16.36% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.29 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Liberty Energy Inc. (NYSE: LBRT), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for LBRT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LBRT as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is LBRT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $26.00, with their median price target at $19.50. Looking at these predictions, the average price target given by analysts is for Liberty Energy Inc. (LBRT) stock is $19.21.
