Liberty Energy Inc (NYSE:LBRT) shares traded -0.20% lower at $20.16 on Wall Street last session.
LBRT stock price is now 2.74% away from the 50-day moving average and 14.15% away from the 200-day moving average. The market capitalization of the company currently stands at $3.36B.
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). On January 17, 2023, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $19, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Kimble William F, Director sold 12,459 shares of the company’s stock on Mar 08 ’24. The stock was sold for $268,449 at an average price of $21.55. Upon completion of the transaction, the Director now directly owns 69,963 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Director Steinbeck Cary D. sold 50,054 shares of the business’s stock. A total of $1,095,182 was realized by selling the stock at an average price of $21.88. This leaves the insider owning 19,548 shares of the company worth $0.39 million. A total of 3.60% 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 $22.16. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 1.49, and a quick ratio of 1.17. According to the stock market information, the enterprise value for the company is $3.72B, which is based on a 6.39 price-to-earnings ratio, a 0.51 price-to-earnings-growth ratio, and a beta of 1.87. The fifty day moving average price for LBRT is $19.66 and a two-hundred day moving average price translates $17.70 for the stock.
The latest earnings results from Liberty Energy Inc (NYSE: LBRT) was released for Dec, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.54, missing analysts’ expectations of $0.57 by -0.03. This compares to $0.82 EPS in the same period last year. The net profit margin was 11.72% and return on equity was 33.35% for LBRT. The company reported revenue of $1.07 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.29 percent. For the current quarter, analysts expect LBRT to generate $1.09B in revenue.
