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Liberty Energy Inc. (LBRT) Has Fallen -1.62%, Becoming A Losing Stock For Investors

Liberty Energy Inc. (NYSE:LBRT) has a beta value of 2.21 and has seen 4.09 million shares traded in the last trading session. The company, currently valued at $2.65B, closed the last trade at $14.56 per share which meant it lost -$0.24 on the day or -1.62% during that session. The LBRT stock price is -37.71% off its 52-week high price of $20.05 and 28.23% above the 52-week low of $10.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.42 million shares traded. The 3-month trading volume is 2.23 million shares.

The consensus among analysts is that Liberty Energy Inc. (LBRT) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 15 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.7.

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Liberty Energy Inc. (NYSE:LBRT) trade information

Sporting -1.62% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the LBRT stock price touched $14.56 or saw a rise of 9.9%. Year-to-date, Liberty Energy Inc. shares have moved -9.06%, while the 5-day performance has seen it change -8.71%. Over the past 30 days, the shares of Liberty Energy Inc. (NYSE:LBRT) have changed -8.37%. Short interest in the company has seen 7.04 million shares shorted with days to cover at 3.24.

Wall Street analysts have a consensus price target for the stock at $21.96, which means that the shares’ value could jump 33.7% from current levels. The projected low price target is $16.00 while the price target rests at a high of $27.00. In that case, then, we find that the current price level is -85.44% off the targeted high while a plunge would see the stock gain -9.89% from current levels.

Liberty Energy Inc. (LBRT) estimates and forecasts

Figures show that Liberty Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 13.31% over the past 6 months, with this year growth rate of 300.00%, compared to -14.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 300.00% and 2,566.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 66.40%.

10 analysts offering their estimates for the company have set an average revenue estimate of $1.19 billion for the current quarter. 9 have an estimated revenue figure of $1.24 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $683.74 million and $792.77 million respectively for this quarter and the next, and analysts expect sales will grow by 74.30% for the current quarter and 55.90% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -14.60% over the past 5 years. Earnings growth for 2023 is a modest 24.00% while over the next 5 years, the company’s earnings are expected to increase by 15.10%.

LBRT Dividends

Liberty Energy Inc. is expected to release its next earnings report between February 06 and February 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 1.37%. The company’s dividend yield has gone up over the past 12 months.

Liberty Energy Inc. (NYSE:LBRT)’s Major holders

Insiders own 15.99% of the company shares, while shares held by institutions stand at 94.02% with a share float percentage of 111.91%. Investors are also buoyed by the number of investors in a company, with Liberty Energy Inc. having a total of 293 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 28.03 million shares worth more than $357.63 million. As of Jun 29, 2022, FMR, LLC held 15.39% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 14.14 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $180.44 million and represent 7.76% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Oil Services ETF and Fidelity Low-Priced Stock Fund. As of Sep 29, 2022, the former fund manager holds about 2.79% shares in the company for having 5.07 million shares of worth $64.34 million while later fund manager owns 4.8 million shares of worth $68.16 million as of Jul 30, 2022, which makes it owner of about 2.63% of company’s outstanding stock.

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