In today’s recent session, 1.04 million shares of the Liberty Energy Inc. (NYSE:LBRT) have been traded, and its beta is 2.25. Most recently the company’s share price was $12.92, and it changed around -$0.85 or -6.17% from the last close, which brings the market valuation of the company to $2.75B. LBRT at last check was trading at a discount to its 52-week high of $20.05, offering almost -55.19% off that amount. The share price’s 52-week low was $8.50, which indicates that the recent value has risen by an impressive 34.21% since then. We note from Liberty Energy Inc.’s average daily trading volume that its 3-month average coming to 2.64 million.
Liberty Energy Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended LBRT as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Liberty Energy Inc. is expected to report earnings per share of $0.16 for the current quarter.
Liberty Energy Inc. (NYSE:LBRT) trade information
Instantly LBRT has been showing red trend so far today with a performance of -6.17% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.40 on Tuesday, 06/21/22 increased the stock’s daily price by 16.1%. The company’s shares are currently up 41.96% year-to-date, but still down -11.50% over the last five days. On the other hand, Liberty Energy Inc. (NYSE:LBRT) is -7.21% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $20.23, which translates to bulls needing to increase their stock price by 36.13% from its current value. Analyst projections state that LBRT is forecast to be at a low of $15.00 and a high of $23.00. In order for the stock price to hit the forecast high, the stock would need to plunge -78.02% from its current level, while the stock would need to crash -16.1% from its current level to reach the projected low.
Liberty Energy Inc. (LBRT) estimates and forecasts
Liberty Energy Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 46.02 percent over the past six months and at a 162.75% annual growth rate that is well above the industry average of 19.70%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 151.60% in revenue this quarter, and will report an increase of 204.20% in the next quarter. The year-over-year growth rate is expected to be 42.70%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $871.42 million in revenue for the current quarter. 11 analysts expect Liberty Energy Inc. to make $941.37 million in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $592.67 million and $653.73 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 47.00%. Forecasts for the next quarter put sales growth at 44.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -14.60%. Liberty Energy Inc. earnings are expected to increase by 24.00% in 2022, but the outlook is positive 15.10% per year for the next five years.
Liberty Energy Inc.’s next quarterly earnings report is expected to be released around April 25 and April 29.
Liberty Energy Inc. (NYSE:LBRT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.07% of Liberty Energy Inc. shares, and 67.21% of them are in the hands of institutional investors. The stock currently has a share float of 86.25%. Liberty Energy Inc. stock is held by 222 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2021, it held 14.78% of the shares, which is about 27.62 million shares worth $267.88 million.
Price (T.Rowe) Associates Inc, with 6.34% or 11.85 million shares worth $114.95 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Oil Services ETF and Fidelity Low-Priced Stock Fund were the top two Mutual Funds as of Feb 27, 2022. The former held 5.81 million shares worth $72.49 million, making up 3.11% of all outstanding shares. On the other hand, Fidelity Low-Priced Stock Fund held roughly 4.78 million shares worth around $59.64 million, which represents about 2.56% of the total shares outstanding.