With 2.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.24 million shares. The 52-week range on LBRT shows that it touched its highest point at $24.75 and its lowest point at $15.17 during that stretch. It currently has a 1-year price target of $21.46. With its current market cap of 2.55 billion, LBRT has annualized dividend of $0.29 while the current yield stands at 1.84%. Beta for the stock currently stands at 1.20.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LBRT was down-trending over the past week, with a drop of -8.65%, but this was down by -12.71% over a month. Three-month performance dropped to -14.51% while six-month performance fell -23.60%. The stock lost -27.98% in the past year, while it has lost -20.92% so far this year. A look at the trailing 12-month EPS for LBRT yields 1.86 with Next year EPS estimates of 1.24. For the next quarter, that number is 0.08. This implies an EPS growth rate of -68.83% for this year and 112.18% for next year. EPS is expected to decline by -4.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.74%.
Float and Shares Shorts:
At present, 161.86 million LBRT shares are outstanding with a float of 156.45 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LBRT since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.78637 being high and $1.55292 being low. For LBRT, this leads to a yearly average estimate of $1.69502. Based on analyst estimates, the high estimate for the next quarter is $0.2 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.14.
Summary of Insider Activity:
Insiders traded LBRT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
