Liberty Energy Inc (NYSE: LBRT) has a price-to-earnings ratio that is above its average at 8.23x. The stock has a 36-month beta value of 1.85. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for LBRT is 159.98M, and at present, short sellers hold a 10.23% of that float. On April 30, 2024, the average trading volume of LBRT was 2.81M shares.
LBRT) stock’s latest price update
The stock price of Liberty Energy Inc (NYSE: LBRT) has plunged by -2.53 when compared to previous closing price of 23.09, but the company has seen a -1.34% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-19 that Liberty Energy Inc. (NYSE:LBRT ) Q1 2024 Earnings Call Transcript April 18, 2024 10:00 AM ET Company Participants Anjali Voria – Strategic Finance and Investor Relations Lead Chris Wright – Chief Executive Officer Michael Stock – Chief Financial Officer Ron Gusek – President Conference Call Participants Roger Read – Wells Fargo Stephen Gengaro – Stifel Neil Mehta – Goldman Sachs Luke Lemoine – Piper Sandler Arun Jayaram – J.P. Morgan Scott Gruber – Citigroup Derek Podhaizer – Barclays Marc Bianchi – TD Cowen Keith MacKey – RBC Capital Markets Waqar Syed – ATB Capital Markets Saurabh Pant – Bank of America John Daniel – Daniels Energy Partners Operator Welcome to the Liberty Energy Earnings Conference Call.
LBRT’s Market Performance
Liberty Energy Inc (LBRT) has experienced a -1.34% fall in stock performance for the past week, with a 7.32% rise in the past month, and a 4.43% rise in the past quarter. The volatility ratio for the week is 2.65%, and the volatility levels for the past 30 days are at 3.35% for LBRT. The simple moving average for the last 20 days is 0.42% for LBRT stock, with a simple moving average of 18.60% for the last 200 days.
Analysts’ Opinion of LBRT
Many brokerage firms have already submitted their reports for LBRT stocks, with TD Cowen repeating the rating for LBRT by listing it as a “Hold.” The predicted price for LBRT in the upcoming period, according to TD Cowen is $21 based on the research report published on April 19, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see LBRT reach a price target of $17, previously predicting the price at $20. The rating they have provided for LBRT stocks is “Equal-Weight” according to the report published on April 18th, 2023.
Citigroup gave a rating of “Neutral” to LBRT, setting the target price at $19 in the report published on January 17th of the previous year.
LBRT Trading at 4.62% 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 -3.45% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares surge +3.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.42% upper at present.
During the last 5 trading sessions, LBRT fell by -1.56%, which changed the moving average for the period of 200-days by +49.60% in comparison to the 20-day moving average, which settled at $22.45. In addition, Liberty Energy Inc saw 24.06% 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:
- -0.04 for the present operating margin
- 0.19 for the gross margin
The net margin for Liberty Energy Inc stands at 0.1. The total capital return value is set at -0.08. Equity return is now at value 27.37, with 16.24 for asset returns.
Based on Liberty Energy Inc (LBRT), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 4.04. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -6.56.
Currently, EBITDA for the company is 1.18 billion with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 7.02for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To sum up, Liberty Energy Inc (LBRT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
