LBRT Stock Summary and Trading Ideas (Liberty Energy Class A | NYSE:LBRT)

Liberty Energy is an oilfield services company that provides hydraulic fracturing services—mainly pressure pumping—in major basins throughout North America. Its 2020 acquisition of Schlumberger's OneStim business segment made Liberty one of the largest pressure pumpers in North America. It also added wireline operations, two Permian frac sand mines, and an expanded technological portfolio.

Liberty Energy Class A trades on the NYSE stock market under the symbol LBRT.

As of April 19, 2024, LBRT stock price climbed to $22.38 with 3,537,547 million shares trading.

LBRT has a beta of 0.21, meaning it tends to be less sensitive to market movements. LBRT has a correlation of 0.00 to the broad based SPY ETF.

LBRT has a market cap of $3.73 billion. This is considered a Mid Cap stock.

Last quarter Liberty Energy Class A reported $1 billion in Revenue and $.48 earnings per share. This fell short of revenue expectation by $-7 million and missed earnings estimates by -$.08.

In the last 3 years, LBRT stock traded as high as $23.31 and as low as $8.50.

The top ETF exchange traded funds that LBRT belongs to (by Net Assets): IJR, CALF, VTI, IWM, VB.

LBRT has outperformed the market in the last year with a price return of +73.7% while the SPY ETF gained +21.2%. LBRT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.8% and -1.1%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

LBRT support price is $21.63 and resistance is $22.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LBRT stock will trade within this expected range on the day.