In yesterday’s Wall Street session, Liberty Energy Inc (NYSE:LBRT) shares traded at $17.78, up 0.17% from the previous session.
14 analysts cover Liberty Energy Inc (NYSE:LBRT), according to research data. The consensus rating among analysts is ‘Overweight’. LBRT stock price is now -7.46% away from the 50-day moving average and 13.26% away from the 200-day moving average. The market capitalization of the company currently stands at $3.00B.
The stock has received a hold rating from 6 analysts and a buy rating from 7.
With the price target reduced from $20 to $17, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Liberty Energy Inc (NYSE: LBRT).
In other news, Wright Christopher A, Chairman of the Board & CEO sold 1,385 shares of the company’s stock on Dec 07. The stock was sold for $24,584 at an average price of $17.75. Upon completion of the transaction, the Chairman of the Board & CEO now directly owns 2,841,860 shares in the company, valued at $50.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06, Chairman of the Board & CEO Wright Christopher A sold 21,026 shares of the business’s stock. A total of $383,805 was realized by selling the stock at an average price of $18.25. This leaves the insider owning 2,843,245 shares of the company worth $50.55 million. Insiders disposed of 1,072,845 shares of company stock worth roughly $19.08 million over the past 1 year. A total of 3.49% of the company’s stock is owned by insiders.
During the past 12 months, Liberty Energy Inc has had a low of $11.18 and a high of $21.25. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.34, and a quick ratio of 1.08. According to the stock market information, the enterprise value for the company is $3.41B, which is based on a 5.17 price-to-earnings ratio, a 0.41 price-to-earnings-growth ratio, and a beta of 1.94. The fifty day moving average price for LBRT is $19.21 and a two-hundred day moving average price translates $15.70 for the stock.
The latest earnings results from Liberty Energy Inc (NYSE: LBRT) was released for Sep, 2023. The net profit margin was 12.59% and return on equity was 38.63% for LBRT. The company reported revenue of $1.22 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.33 percent.
Liberty Energy Inc(LBRT) Company Profile
Liberty Energy Inc. provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services including complementary services, such as wireline services, proppant delivery solutions, data analytics, related goods, and technologies; and other services comprising design and pump diagnostic fracture injection test, DFIT and mini-frac analysis, and laboratory services, such as fluid rheology, surfactant, clay control, scaling and biocide testing. It owns and operate two sand mines in the Permian Basin; and fleet of approximately 40 active hydraulic fracturing. In addition, the company provides services primarily in Permian Basin, the Eagle Ford Shale, the DJ Basin, the Williston Basin, the San Juan Basin, the Powder River Basin, the Haynesville Shale, the SCOOP/STACK, the Marcellus Shale, Utica Shale, and the Western Canadian Sedimentary Basin. Liberty Energy Inc. was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. The company was founded in 2011 and is headquartered in Denver, Colorado.
