Liberty Energy Inc [LBRT] stock is trading at $22.52, up 3.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LBRT shares have gain 5.58% over the last week, with a monthly amount drifted -0.31%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Liberty Energy Inc [NYSE: LBRT] stock has seen the most recent analyst activity on April 19, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $21 from $19. Previously, Morgan Stanley downgraded its rating to Equal-Weight on April 18, 2023, and dropped its price target to $17. On January 17, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $19 on the stock. Wells Fargo upgraded its rating to a Overweight but stick to its price target of $24 on October 26, 2022. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $25 on July 27, 2022. Wells Fargo downgraded its rating to Equal Weight for this stock on March 31, 2022, and upped its price target to $15. In a note dated March 11, 2022, BofA Securities upgraded an Buy rating on this stock.
Liberty Energy Inc [LBRT] stock has fluctuated between $11.62 and $23.31 over the past year. Currently, Wall Street analysts expect the stock to reach $22.63 within the next 12 months. Liberty Energy Inc [NYSE: LBRT] shares were valued at $22.52 at the most recent close of the market. An investor can expect a potential return of 0.49% based on the average LBRT price forecast.
Analyzing the LBRT fundamentals
Liberty Energy Inc [NYSE:LBRT] reported sales of 4.56B for the trailing twelve months, which represents a drop of -14.97%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.26 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.12 points at the first support level, and at 21.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.74, and for the 2nd resistance point, it is at 22.97.
Liberty Energy Inc [LBRT] reported earnings per share of $0.47 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.54/share, meaning a difference of -$0.07 and a surprise factor of -13.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.54 per share as compared to estimates of $0.57 per share, a difference of -$0.03 representing a surprise of -5.30%.
Ratios To Look Out For
For context, Liberty Energy Inc’s Current Ratio is 1.48. In addition, the Quick Ratio stands at 1.16 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.97 and price to earnings (TTM) ratio is 8.24.
Transactions by insiders
Recent insider trading involved Wright Christopher A, Chairman of the Board and CEO, that happened on May 03 ’24 when 20000.0 shares were sold. Chairman of the Board and CEO, Wright Christopher A completed a deal on May 02 ’24 to sell 20000.0 shares. Meanwhile, Chief Financial Officer Stock Michael sold 20000.0 shares on May 01 ’24.
