Liberty Energy Inc (NYSE: LBRT) has a price-to-earnings ratio of 6.84x that is above its average ratio. Additionally, the 36-month beta value for LBRT is 1.84. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for LBRT is 159.98M and currently, short sellers hold a 12.44% ratio of that float. The average trading volume of LBRT on April 17, 2024 was 2.97M shares.
LBRT) stock’s latest price update
Liberty Energy Inc (NYSE: LBRT) has seen a decline in its stock price by -2.35 in relation to its previous close of 22.10. However, the company has experienced a -3.23% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that Liberty Energy (LBRT) is likely to report lower revenues from the prior-year quarter’s level due to a weak global macroeconomic environment. However, it is expected to record an improved bottom line due to cost cuts in the first quarter of 2024.
LBRT’s Market Performance
Liberty Energy Inc (LBRT) has seen a -3.23% fall in stock performance for the week, with a 5.63% gain in the past month and a 26.42% surge in the past quarter. The volatility ratio for the week is 3.30%, and the volatility levels for the past 30 days are at 2.95% for LBRT. The simple moving average for the last 20 days is 0.48% for LBRT stock, with a simple moving average of 16.23% for the last 200 days.
Analysts’ Opinion of LBRT
Many brokerage firms have already submitted their reports for LBRT stocks, with Morgan Stanley repeating the rating for LBRT by listing it as a “Equal-Weight.” The predicted price for LBRT in the upcoming period, according to Morgan Stanley is $17 based on the research report published on April 18, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see LBRT reach a price target of $19. The rating they have provided for LBRT stocks is “Neutral” according to the report published on January 17th, 2023.
Wells Fargo gave a rating of “Overweight” to LBRT, setting the target price at $24 in the report published on October 26th of the previous year.
LBRT Trading at 3.05% from the 50-Day Moving Average
After a stumble in the market that brought LBRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.10% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 3.30%, as shares surge +6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.83% upper at present.
During the last 5 trading sessions, LBRT fell by -3.23%, which changed the moving average for the period of 200-days by +63.98% in comparison to the 20-day moving average, which settled at $21.54. In addition, Liberty Energy Inc saw 18.96% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LBRT starting from Wright Christopher A, who sale 20,000 shares at the price of $22.66 back on Apr 04 ’24. After this action, Wright Christopher A now owns 2,858,814 shares of Liberty Energy Inc, valued at $453,200 using the latest closing price.
Wright Christopher A, the Chairman of the Board and CEO of Liberty Energy Inc, sale 20,000 shares at $22.49 during a trade that took place back on Apr 03 ’24, which means that Wright Christopher A is holding 2,878,814 shares at $449,800 based on the most recent closing price.
Stock Fundamentals for LBRT
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.21 for the gross margin
The net margin for Liberty Energy Inc stands at 0.12. The total capital return value is set at -0.4. Equity return is now at value 33.35, with 19.83 for asset returns.
Based on Liberty Energy Inc (LBRT), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 2.5. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is -33.47.
Currently, EBITDA for the company is 1.18 billion with net debt to EBITDA at 0.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 8.08for trailing twelve months and the total asset turnover is 1.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Liberty Energy Inc (LBRT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
