Liberty Energy Inc [LBRT] stock is trading at $20.24, up 2.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The LBRT shares have lost -0.10% over the last week, with a monthly amount drifted -10.95%, 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 May 29, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $32 from $24. Previously, TD Cowen reaffirmed its Hold rating on April 19, 2024, and elevated its price target to $21. On April 18, 2023, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $17 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $19 on January 17, 2023. Wells Fargo upgraded its rating to a Overweight but $24 remained the price target by the analyst firm on October 26, 2022. RBC Capital Mkts upgraded its rating to Outperform for this stock on July 27, 2022, and upped its price target to $25. In a note dated March 31, 2022, Wells Fargo downgraded an Equal Weight rating on this stock and boosted its target price from $14 to $15.
Liberty Energy Inc [LBRT] stock has fluctuated between $14.49 and $24.75 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 $20.24 at the most recent close of the market. An investor can expect a potential return of 11.81% 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 19.82 points at the first support level, and at 19.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.48, and for the 2nd resistance point, it is at 20.73.
Ratios To Look Out For
For context, Liberty Energy Inc’s Current Ratio is 1.48. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 7.41.
Transactions by insiders
Recent insider trading involved Wright Christopher A, Chairman of the Board and CEO, that happened on Jul 03 ’24 when 20000.0 shares were sold. Chairman of the Board and CEO, Wright Christopher A completed a deal on Jul 02 ’24 to sell 20000.0 shares. Meanwhile, Chief Financial Officer Stock Michael sold 15626.0 shares on Jul 01 ’24.
