As of close of business last night, Liberty Energy Inc’s stock clocked out at $22.56, down -0.13% from its previous closing price of $22.59. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 1616161 shares were traded.
Ratios:
To gain a deeper understanding of LBRT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 101.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on April 18, 2023, Downgraded its rating to Equal-Weight and sets its target price to $17 from $20 previously.
On January 17, 2023, Citigroup Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $19.
Wells Fargo Upgraded its Equal Weight to Overweight on October 26, 2022, while the target price for the stock was maintained at $24.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 04 ’24 when Wright Christopher A sold 20,000 shares for $22.66 per share. The transaction valued at 453,200 led to the insider holds 2,858,814 shares of the business.
Wright Christopher A sold 20,000 shares of LBRT for $449,800 on Apr 03 ’24. The Chairman of the Board and CEO now owns 2,878,814 shares after completing the transaction at $22.49 per share. On Apr 01 ’24, another insider, Stock Michael, who serves as the Chief Financial Officer of the company, sold 20,000 shares for $20.87 each. As a result, the insider received 417,320 and left with 806,056 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LBRT now has a Market Capitalization of 3.75B and an Enterprise Value of 4.12B. As of this moment, Liberty’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.15, and their Forward P/E ratio for the next fiscal year is 7.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 0.87 whereas that against EBITDA is 3.47.
Stock Price History:
Over the past 52 weeks, LBRT has reached a high of $23.23, while it has fallen to a 52-week low of $11.62. The 50-Day Moving Average of the stock is 20.87, while the 200-Day Moving Average is calculated to be 18.47.
Shares Statistics:
It appears that LBRT traded 3.00M shares on average per day over the past three months and 2.72M shares per day over the past ten days. A total of 166.61M shares are outstanding, with a floating share count of 159.98M. Insiders hold about 3.68% of the company’s shares, while institutions hold 100.09% stake in the company. Shares short for LBRT as of Mar 15, 2024 were 16.75M with a Short Ratio of 6.64, compared to 14.05M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.08% and a Short% of Float of 14.48%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.22, LBRT has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.97%, it implies a Forward Annual Dividend Yield of 1.38%.
Earnings Estimates
As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.55 for the current quarter, with a high estimate of $0.61 and a low estimate of $0.5, while EPS last year was $0.9. The consensus estimate for the next quarter is $0.68, with high estimates of $0.8 and low estimates of $0.58.
Analysts are recommending an EPS of between $3.15 and $2.23 for the fiscal current year, implying an average EPS of $2.73. EPS for the following year is $3.25, with 12 analysts recommending between $3.98 and $2.48.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $1.09B. It ranges from a high estimate of $1.13B to a low estimate of $1.07B. As of the current estimate, Liberty Energy Inc’s year-ago sales were $1.26B, an estimated decrease of -14.00% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.14B, a decrease of -10.00% over than the figure of -$14.00% in the same quarter last year. There is a high estimate of $1.18B for the next quarter, whereas the lowest estimate is $1.11B.
A total of 15 analysts have provided revenue estimates for LBRT’s current fiscal year. The highest revenue estimate was $4.77B, while the lowest revenue estimate was $4.48B, resulting in an average revenue estimate of $4.59B. In the same quarter a year ago, actual revenue was $4.75B, down -3.30% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $4.83B in the next fiscal year. The high estimate is $5.02B and the low estimate is $4.47B. The average revenue growth estimate for next year is up 5.20% from the average revenue estimate for this year.
