Liberty Energy Inc (LBRT) concluded trading on Wednesday at a closing price of $22.14, with 3.65 million shares of worth about $80.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.70% during that period and on July 17, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 166.61M shares, out of which, 160.86M shares are available for trading.
Stock saw a price change of 9.39% in past 5 days and over the past one month there was a price change of 7.74%. Year-to-date (YTD), LBRT shares are showing a performance of 22.05% which increased to 46.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.75 but also hit the highest price of $24.75 during that period. The average intraday trading volume for Liberty Energy Inc shares is 2.37 million. The stock is currently trading 7.72% above its 20-day simple moving average (SMA20), while that difference is up 0.68% for SMA50 and it goes to 8.69% 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 102.65% of that.
The stock has a current market capitalization of $3.69B and its 3Y-monthly beta is at 1.75. PE ratio of stock for trailing 12 months is 8.10, while it has posted earnings per share of $2.73 in the same period. It has Quick Ratio of 1.16 while making debt-to-equity ratio of 0.24. 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 3.71% while standing at 3.15% over the month.
Stock’s fiscal year EPS is expected to drop by -28.24% while it is estimated to increase by 23.11% in next year. EPS is likely to shrink at an annualized rate of -0.60% 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 Citigroup on May 29, 2024 offering a Buy rating for the stock and assigned a target price range of between $24 and $32 to it. Coverage by TD Cowen stated Liberty Energy Inc (LBRT) stock as a Hold in their note to investors on April 19, 2024, suggesting a price target of $21 for the stock. On April 18, 2023, Morgan Stanley Downgrade their recommendations, while on January 17, 2023, Citigroup Downgrade their ratings for the stock with a price target of $19. Stock get an Overweight rating from Wells Fargo on October 26, 2022.
