Tomorrow Is Not Likely To Be Same For Liberty Energy Inc (LBRT)

Liberty Energy Inc (LBRT) concluded trading on Wednesday at a closing price of $22.66, with 3.26 million shares of worth about $73.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.95% during that period and on April 3, 2024 the price saw a gain of about 4.57%. Currently the company’s common shares owned by public are about 166.61M shares, out of which, 160.12M shares are available for trading.

Stock saw a price change of 13.19% in past 5 days and over the past one month there was a price change of 6.34%. Year-to-date (YTD), LBRT shares are showing a performance of 24.92% which increased to 76.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.62 but also hit the highest price of $22.16 during that period. The average intraday trading volume for Liberty Energy Inc shares is 3.05 million. The stock is currently trading 8.77% above its 20-day simple moving average (SMA20), while that difference is up 11.06% for SMA50 and it goes to 24.86% higher than SMA200.

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Liberty Energy Inc (NYSE: LBRT) currently have 166.61M outstanding shares and institutions hold larger chunk of about 100.07% of that.

The stock has a current market capitalization of $3.76B and its 3Y-monthly beta is at 1.87. PE ratio of stock for trailing 12 months is 7.19, while it has posted earnings per share of $3.15 in the same period. Its PEG reads 0.57 and has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LBRT, volatility over the week remained 2.92% while standing at 3.40% over the month.

Stock’s fiscal year EPS is expected to drop by -15.76% while it is estimated to increase by 18.68% in next year. EPS is likely to grow at an annualized rate of 12.50% for next 5-years, compared to annual growth of 11.79% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on April 18, 2023 offering an Equal-weight rating for the stock and assigned a target price range of between $20 and $17 to it. Coverage by Citigroup stated Liberty Energy Inc (LBRT) stock as a Neutral in their note to investors on January 17, 2023, suggesting a price target of $19 for the stock. On October 26, 2022, Wells Fargo Upgrade their recommendations, while on July 27, 2022, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $25. Stock get an Equal weight rating from Wells Fargo on March 31, 2022.

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