Liberty Energy Inc (NYSE:LBRT) finished Thursday with an addition of $0.14 to close at $18.81, an upside of 0.75 percent. An average of 2,556,920 shares of common stock have been traded in the last five days. There was a gain of $1.15 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 5,654,330 shares traded, while the 50-day average volume stands at 3,688,090.
LBRT stock has increased by 16.90% in the last month. The company shares reached their 1-month lowest point of $15.64 on 08/31/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $11.18 and a high of $18.78 in 52 weeks. It has reached a new high 14 times so far this year and achieved 17.49% or $2.80 in price. In spite of this, the price is up 0.13% 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 17 days ago on Sep 12. In this transaction, the insider spent $128,836. Chairman of the Board & CEO, Wright Christopher A, disposed of 1,932 shares at a price of $18.00 on Sep 11. The insider now owns more than $34,776 worth of shares. Prior to that, Chairman of the Board & CEO Wright Christopher A went on to Sale 6,540 shares at $18.03 each on Sep 08. An amount of $117,916 was transacted.
Valuation Metrics
Liberty Energy Inc (LBRT) has a trailing price-to-earnings (P/E) ratio of 5.60. The stock’s beta is 2.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.66, the price-to-book (PB) ratio at 1.91, and the price-to-cash flow ratio at 9.96.
Financial Health
The quick ratio of Liberty Energy Inc for the three months ended June 29 was 1.17, and the current ratio was 1.44, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.23 and a total debt to equity ratio of 0.26 for the quarter ending June 29. Liberty Energy Inc’s EBITDA margin for the year ending June 29 is 20.27%, while its operating margin for the same period stands at 16.98%. Its gross profit as reported stood at $1.0 billion compared to revenue of $4.15 billion.
Earnings Surprise
For the three-month period that ended June 29, Liberty Energy Inc had $288.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $152.67 million in the quarter, while revenues of $162.66 million were grew 31.12%. The analyst consensus anticipated Liberty Energy Inc’s latest quarter earnings to come in at $0.9 per share, but it turned out to be $0.85, a -5.60% surprise. For the quarter, EBITDA amounted to $305.0 million. Shareholders own equity worth $170.39 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 28 September was 71.40%, suggesting the stock is Overbought, with historical volatility in this time frame at 32.34%.
As of today, LBRT’s price is $18.25 +6.51% or $1.15 from its 5-day moving average. LBRT is currently trading +19.05% higher than its 20-day SMA and +54.56% higher than its 100-day SMA. However, the stock’s current price level is +17.86% above the SMA50 and +32.46% above the SMA200.
The stochastic %K and %D were 62.42% and 50.14%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 80.98% and the average true range at 0.51, the RSI (14) stands at 69.62%. The stock has reached 0.26 on the 9-day MACD Oscillator while the 14-day reading was at 0.30.
Analyst Ratings
Morgan Stanley downgraded Liberty Energy Inc (NYSE: LBRT) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. 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 8 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 $14.00 and $26.00, 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 $19.61.
