Liberty Energy Inc (NYSE: LBRT) – Suitable For Long Term Buy?

Currently, there are 166.61M common shares owned by the public and among those 157.85M shares have been available to trade.

The company’s stock has a 5-day price change of -1.94% and -11.75% over the past three months. LBRT shares are trading -2.32% year to date (YTD), with the 12-month market performance down to -6.69% lower. It has a 12-month low price of $16.57 and touched a high of $24.75 over the same period. LBRT has an average intraday trading volume of 2.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.10%, -6.21%, and -14.73% respectively.

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Institutional ownership of Liberty Energy Inc (NYSE: LBRT) shares accounts for 108.19% of the company’s 166.61M shares outstanding.

It has a market capitalization of $2.82B and a beta (3y monthly) value of 1.72. The stock’s trailing 12-month PE ratio is 8.48, while the earnings-per-share (ttm) stands at $2.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.16% over the week and 4.10% over the month.

Earnings per share for the fiscal year are expected to decrease by -43.52%, and -20.44% over the next financial year. EPS should shrink at an annualized rate of -3.00% over the next five years, compared to 11.79% over the past 5-year period.

Looking at the support for the LBRT, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on October 18, 2024, with the firm’s price target at $25-$19. TD Cowen coverage for the Liberty Energy Inc (LBRT) stock in a research note released on July 19, 2024 offered a Hold rating with a price target of $20. Citigroup was of a view on May 29, 2024 that the stock is Buy, while TD Cowen gave the stock Hold rating on April 19, 2024, issuing a price target of $19- $21. Morgan Stanley on their part issued Equal-Weight rating on April 18, 2023.

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