With 2.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.33 million shares. The 52-week range on LBRT shows that it touched its highest point at $24.43 and its lowest point at $9.50 during that stretch. It currently has a 1-year price target of $15.96. With its current market cap of 2.17 billion, LBRT has annualized dividend of $0.31 while the current yield stands at 2.32%. Beta for the stock currently stands at 0.68.
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 up-trending over the past week, with a rise of 9.13%, but this was up by 9.66% over a month. Three-month performance dropped to -7.97% while six-month performance fell -29.90%. The stock lost -41.83% in the past year, while it has lost -32.68% so far this year. A look at the trailing 12-month EPS for LBRT yields 1.51 with Next year EPS estimates of 0.46. For the next quarter, that number is 0.15. This implies an EPS growth rate of -81.21% for this year and 31.31% for next year. EPS is expected to decline by -16.70% 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, 160.79 million LBRT shares are outstanding with a float of 155.89 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 $0.22 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.12.
