Sunday, June 26, 2022

Liberty Energy Inc. [LBRT] stock for 30,374 USD was sold by Gosney Ryan T

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Energy Inc. shares valued at $30,374 were sold by Gosney Ryan T on Jun 15. At $15.19 per share, Gosney Ryan T sold 2,000 shares. The insider’s holdings dropped to 107,716 shares worth approximately $1.38 million following the completion of this transaction.

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Also, Wright Christopher A sold 1,500 shares, netting a total of over 28,350 in proceeds. Following the sale of shares at $18.90 each, the insider now holds 3,428,115 shares.

Before that, SCHLUMBERGER LIMITED/NV had sold 12,032,500 shares from its account. In a trade valued at $204,552,500, the 10% Owner traded Liberty Energy Inc. shares for $17.00 each. Upon closing the transaction, the insider’s holdings decreased to 12,032,500 shares, worth approximately $295.52 million.

As published in a research note from Wells Fargo on March 31, 2022, Liberty Energy Inc. [LBRT] has been rated down from an Overweight to an Equal weight and the price target has been revised to $15 from $14. This represents a 14.6% premium over Wednesday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of January 05, 2022, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for LBRT. Earlier on September 13, 2021, Citigroup upgraded its rating. Their new recommendation was “a Buy” for LBRT stock which previously was a “a Neutral”.

Analyzing LBRT’s Price Performance

On Wednesday, Liberty Energy Inc. [NYSE: LBRT] plunged -6.97% to $12.81. The stock’s lowest price that day was $12.34, but it reached a high of $13.24 in the same session. During the last five days, there has been a drop of approximately -15.33%. Over the course of the year, Liberty Energy Inc. shares have jumped approximately 32.06%. Shares of the company reached a 52-week high of $20.05 on 04/21/22 and a 52-week low of $9.74 on 01/03/22. A 50-day SMA is recorded $16.08, while a 200-day SMA reached $13.16. Nevertheless, trading volume fell to 5.17 million shares from 2.28 million shares the previous day.

Support And Resistance Levels for Liberty Energy Inc. (LBRT)

According to the 24-hour chart, there is a support level at 12.35, which, if violated, would cause prices to drop to 11.90. In the upper region, resistance lies at 13.25. The next price resistance is at 13.70. RSI (Relative Strength Index) is 30.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.72, which suggests the price will decrease in the coming days. Percent R is at 93.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Liberty Energy Inc. subject to short interest?

Stocks of Liberty Energy Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.19 million shares to 6.84 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 7.03 million shares. A decline of -2.78% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.96 of the overall float, the days-to-cover ratio (short ratio) decline to 2.96.

Which companies own the most shares of Liberty Energy Inc. (LBRT)?

According to Fidelity Management & Research Co filings, the company currently owns 26,823,852 shares, which is about 14.36% of the total LBRT shares outstanding. The investor’s shares have plunged by -61,351 from its previous 13-F filing of 26885203.0 shares. With the completion of the buy, T. Rowe Price Associates, Inc.’s stake is now worth $208,567,863. The Vanguard Group, Inc. acquire a 0.58% interest valued at $175.02 million while Van Eck Associates Corp. purchased a 1,025,776 stake. A total of 99,326 shares of Liberty Energy Inc. were bought by BlackRock Fund Advisors during the quarter, and 0 were sold by Exor Investments. In its current portfolio, JFG Wealth Management LLC holds 3,249,412 shares valued at $52.87 million.

In terms of Liberty Energy Inc. share price expectations, FactSet research, analysts set an average price target of $20.23 in the next 12 months, up nearly 48.87% from the previous closing price of $13.77. Analysts anticipate Liberty Energy Inc. stock to reach $23.00 by 2022, with the lowest price target being $15.00. In spite of this, 16 analysts ranked Liberty Energy Inc. stock as an Overweight at the end of 2022. On September 09, 2021, RBC Capital Mkts assigned a price target of “a Sector perform” to the stock and initiated coverage with a $13.

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