On September 17, 2024, Christopher Wright, Chairman of the Board and Chief Executive Officer of Liberty Energy Inc (LBRT, Financial), sold 40,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 2,658,813 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, the insider has sold a total of 466,771 shares and has not made any purchases. This recent transaction is part of a broader trend observed at Liberty Energy Inc, where there have been 33 insider sells and no insider buys over the past year.
On the date of the sale, shares of Liberty Energy Inc were trading at $20.29. This pricing gives the company a market cap of approximately $3.43 billion. The price-earnings ratio of the stock stands at 8.27, which is below both the industry median of 10.53 and the company's historical median.
According to the GF Value, the intrinsic value of Liberty Energy Inc's stock is estimated at $21.07, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.96. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's current valuation and future prospects.
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.
