As of Wednesday close, Liberty Energy Inc.’s (NYSE:LBRT) stock was down -$0.29, moving down -1.80 percent to $15.80. The average number of shares traded per day over the past five days has been 1,528,280 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 1,895,535, while in the previous 50 days, it was 2,707,748.
Since last month, LBRT stock retreated -4.30%. Shares of the company fell to $15.57 on 08/23/23, the lowest level in the past month. A 52-week high of $18.35 was reached on 08/09/23 after having rallying from a 52-week low of $11.18. Since the beginning of this year, LBRT’s stock price has dropped by -1.31% or -$0.21, and marked a new high 6 times. However, the stock has declined by -13.92% since its 52-week high.
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LBRT stock investors should be aware that Liberty Energy Inc. (LBRT) stock had its last reported insider trading activity 22 days ago on Aug 09. ELLIOTT R SEAN, the Chief Legal Officer of the company, disposed of 15,000 shares for $17.16 on Aug 09. It resulted in a $257,439 divestment by the insider. Wright Christopher A sold 9,100 shares at an average price of $17.11 on Aug 09. The insider now owns 3,111,723 shares following the transaction. On Aug 09, Chief Accounting Officer Gosney Ryan T sold 1,500 shares at $17.00 apiece. The transaction was valued at $25,500.
Valuation Metrics
Right now, Liberty Energy Inc. (LBRT) has a P/E ratio of about 4.70. The stock’s beta is 2.14. Besides these, the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 1.63, and the price-to-cash flow ratio of 8.50 may also be considered.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05.
Financial Health
In the three months ended June 29, Liberty Energy Inc.’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.19, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 28.40% percent. In the year ended June 29, EBITDA margin amounted to 20.27%, whereas operating margins totaled 15.20%. Based on annual data, LBRT earned $1.0 billion in gross profit and brought in $4.15 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.10%. Return on equity (ROE) for the past 12 months was 39.90%.
In Liberty Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $288.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LBRT’s revenue rose 21.12% to $1.26 billion during the quarter, while net income inched up to $1.19 billion. While analysts expected Liberty Energy Inc. to report $0.9 quarterly earnings, the actual figure was $0.85 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated $305.0 million in EBITDA. The liabilities of Liberty Energy Inc. were 1.25 billion at the end of its most recent quarter ended June 29, and its total debt was $428.96 million. The value of shareholders’ equity is $170.39 million.
Technical Picture
This quick technical analysis looks at Liberty Energy Inc.’s (LBRT) price momentum. With a historical volatility rate of 15.97%, the RSI 9-day stood at 40.16% on 30 August.
With respect to its five-day moving average, the current Liberty Energy Inc. price is down by -1.43% percent or -$0.23. At present, LBRT shares trade -2.89% below its 20-day simple moving average and +18.80% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.44% above its SMA50 and -10.23% below its SMA200.
Stochastic coefficient K was 27.86% and Stochastic coefficient D was 25.68%, while ATR was 0.44. Given the Stochastic reading of 18.25% for the 14-day period, the RSI (14) reading has been calculated as 47.22%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.12.
Analyst Ratings
Liberty Energy Inc. downgraded its rating on Liberty Energy Inc. (NYSE: LBRT) to an Equal-weight in a note to investors on April 18, 2023. The analysts firm previously had an Overweight rating on the stock.Liberty Energy Inc. (LBRT) has been rated Overweight by analysts. According to 0 brokerage firms, LBRT is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Liberty Energy Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $19.50, the current consensus forecast for the stock is $14.00 – $26.00. Based on these forecasts, analysts predict Liberty Energy Inc. (LBRT) will achieve an average price target of $19.21.
