Liberty Energy Inc. (NYSE:LBRT)’s traded shares stood at 5.03 million during the last session, with the company’s beta value hitting 2.14. At the close of trading, the stock’s price was $12.66, to imply a decrease of -1.78% or -$0.23 in intraday trading. The LBRT share’s 52-week high remains $20.05, putting it -58.37% down since that peak but still an impressive 15.4% since price per share fell to its 52-week low of $10.71. The company has a valuation of $2.31B, with an average of 3.23 million shares in intraday trading volume over the past 10 days and average of 2.93 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Liberty Energy Inc. (LBRT), translating to a mean rating of 2.20. Of 15 analyst(s) looking at the stock, 0 analyst(s) give LBRT a Sell rating. 1 of those analysts rate the stock as Overweight while 6 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.75.
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Liberty Energy Inc. (NYSE:LBRT) trade information
After registering a -1.78% downside in the last session, Liberty Energy Inc. (LBRT) has traded red over the past five days. The stock hit a weekly high of 14.44 this Friday, 03/17/23, dropping -1.78% in its intraday price action. The 5-day price performance for the stock is -11.90%, and -18.69% over 30 days. With these gigs, the year-to-date price performance is -20.92%. Short interest in Liberty Energy Inc. (NYSE:LBRT) saw shorts transact 6.49 million shares and set a 2.13 days time to cover.
Analysts on Wall Street suggest a consensus price target of $21.79, implying an increase of 41.9% to the stock’s current value. The extremes give us $16.00 and $28.00 for target low and target high price respectively. As such, LBRT has been trading -121.17% off suggested target high and -26.38% from its likely low.
Liberty Energy Inc. (LBRT) estimates and forecasts
Looking at statistics comparing Liberty Energy Inc. share performance against respective industry, we note that the company has outperformed competitors. Liberty Energy Inc. (LBRT) shares are -12.45% down over the last 6 months, with its year-to-date growth rate higher than industry average at 62.09% against 44.90%. Revenue is forecast to grow 314.30% this quarter before jumping 2,733.30% for the next one. The rating firms project that company’s revenue will grow 67.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is $1.23 billion. Meanwhile, for the quarter ending Mar 2023, a total of 11 analyst(s) estimate revenue growth to $1.26 billion.Earnings reports from the last fiscal year show that sales brought in $683.74 million and $792.77 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 79.20% before jumping 58.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.20% for the past 5-year period. While 2023 is set for a 305.30% return in earnings, projections for the next 5 years are at 24.70% annually.
Liberty Energy Inc. has its next earnings report out between April 18 and April 24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Liberty Energy Inc. has a forward dividend ratio of 0.20, with the share yield ticking at 1.58% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Liberty Energy Inc. (NYSE:LBRT)’s Major holders
Liberty Energy Inc. insiders hold 8.13% of total outstanding shares, with institutional holders owning 88.13% of the shares at 95.93% float percentage. In total, 88.13% institutions holds shares in the company, led by FMR, LLC. As of Sep 29, 2022, the company held over 24.05 million shares (or 13.20% of shares), all amounting to roughly $304.99 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 16.97 million shares, or about 9.32% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $215.21 million.
We also have Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Liberty Energy Inc. (LBRT) shares. Going by data provided on Nov 29, 2022, Fidelity Low-Priced Stock Fund holds roughly 4.8 million shares. This is just over 2.64% of the total shares, with a market valuation of $79.35 million. Data from the same date shows that the other fund manager holds a little less at 4.75 million, or 2.61% of the shares, all valued at about 60.22 million.