Liberty Energy Inc (LBRT) concluded trading on Thursday at a closing price of $17.74, with 3.55 million shares of worth about $62.98 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.90% during that period and on October 24, 2024 the price saw a gain of about 3.32%. Currently the company’s common shares owned by public are about 166.61M shares, out of which, 157.86M shares are available for trading.
Stock saw a price change of -3.06% in past 5 days and over the past one month there was a price change of -10.54%. Year-to-date (YTD), LBRT shares are showing a performance of -2.21% which decreased to -13.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.69 but also hit the highest price of $24.75 during that period. The average intraday trading volume for Liberty Energy Inc shares is 2.06 million. The stock is currently trading -8.23% below its 20-day simple moving average (SMA20), while that difference is down -10.35% for SMA50 and it goes to -14.97% lower than SMA200.
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Liberty Energy Inc (NYSE: LBRT) currently have 166.61M outstanding shares and institutions hold larger chunk of about 104.45% of that.
The stock has a current market capitalization of $2.90B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 8.49, while it has posted earnings per share of $2.09 in the same period. It has Quick Ratio of 0.97 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 6.10% while standing at 4.20% over the month.
Stock’s fiscal year EPS is expected to drop by -43.50% while it is estimated to decrease by -19.96% in next year. EPS is likely to shrink at an annualized rate of -5.20% 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 October 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $25 and $19 to it. Coverage by TD Cowen stated Liberty Energy Inc (LBRT) stock as a Hold in their note to investors on July 19, 2024, suggesting a price target of $20 for the stock. On May 29, 2024, Citigroup Upgrade their recommendations, while on April 19, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $21. Stock get an Equal-weight rating from Morgan Stanley on April 18, 2023.
