In the latest session, Liberty Energy Inc (NYSE: LBRT) closed at $20.20 down -5.61% from its previous closing price of $21.40. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 8025446 shares were traded. LBRT stock price reached its highest trading level at $21.89 during the session, while it also had its lowest trading level at $19.55.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
For a deeper understanding of Liberty Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 91.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.19. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 08 ’24 when Kimble William F sold 12,459 shares for $21.55 per share. The transaction valued at 268,449 led to the insider holds 69,963 shares of the business.
Steinbeck Cary D. sold 50,054 shares of LBRT for $1,095,182 on Mar 07 ’24. The Director now owns 19,548 shares after completing the transaction at $21.88 per share. On Mar 06 ’24, another insider, Steinbeck Cary D., who serves as the Director of the company, sold 50,000 shares for $21.26 each. As a result, the insider received 1,063,000 and left with 329,350 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 3.35B and an Enterprise Value of 3.72B. As of this moment, Liberty’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.41, and their Forward P/E ratio for the next fiscal year is 6.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 0.78 whereas that against EBITDA is 3.14.
Stock Price History:
Over the past 52 weeks, LBRT has reached a high of $22.16, while it has fallen to a 52-week low of $11.18. The 50-Day Moving Average of the stock is 19.62, while the 200-Day Moving Average is calculated to be 17.66.
Shares Statistics:
For the past three months, LBRT has traded an average of 2.92M shares per day and 2.74M over the past ten days. A total of 166.61M shares are outstanding, with a floating share count of 160.69M. Insiders hold about 3.60% of the company’s shares, while institutions hold 98.98% stake in the company. Shares short for LBRT as of Feb 29, 2024 were 13.42M with a Short Ratio of 4.59, compared to 14.8M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.08% and a Short% of Float of 11.61%.
Dividends & Splits
According to the company, the forward annual dividend rate for LBRT is 0.24, from 0.22 in the trailing year. Against a Trailing Annual Dividend Yield of 1.03%, it implies a Forward Annual Dividend Yield of 1.39%.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.57 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.5, while EPS last year was $0.9. The consensus estimate for the next quarter is $0.7, with high estimates of $0.8 and low estimates of $0.58.
Analysts are recommending an EPS of between $3.28 and $2.23 for the fiscal current year, implying an average EPS of $2.81. EPS for the following year is $3.27, with 11 analysts recommending between $3.98 and $2.48.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $1.09B this quarter.It ranges from a high estimate of $1.18B 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 -13.30% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.15B, a decrease of -9.30% over than the figure of -$13.30% in the same quarter last year. There is a high estimate of $1.22B 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 $4.99B, while the lowest revenue estimate was $4.48B, resulting in an average revenue estimate of $4.63B. In the same quarter a year ago, actual revenue was $4.75B, down -2.60% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $4.85B 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 4.80% from the average revenue estimate for this year.
