On September 3, 2024, Michael Stock, Chief Financial Officer of Liberty Energy Inc (LBRT, Financial), executed a sale of 15,000 shares of the company. According to the SEC Filing, the transaction occurred at an average price of $20.01 per share, totaling $300,150. Following this transaction, the insider now owns 750,207 shares of Liberty Energy Inc.
Liberty Energy Inc (LBRT, Financial) specializes in providing hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company's services include the completion of newly drilled wells, as well as the enhancement of production in existing wells.
Over the past year, Michael Stock has sold a total of 135,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 36 insider sells and no insider buys over the past year.
Shares of Liberty Energy Inc were trading at $20.01 on the day of the sale, giving the company a market cap of approximately $3.19 billion. The price-earnings ratio of the company stands at 7.75, which is below both the industry median of 10.675 and the company's historical median.
The stock is considered to be Fairly Valued with a price-to-GF Value ratio of 0.95, based on a GF Value of $21.06. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
