On September 18, 2024, Michael Stock, Chief Financial Officer of Liberty Energy Inc (LBRT, Financial), sold 5,000 shares of the company at a price of $21.01 per share. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 745,207 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. These services are crucial for extracting oil and gas from unconventional reservoirs.
Over the past year, Michael Stock has sold a total of 140,000 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 34 insider sells and no insider buys over the past year.
The shares of Liberty Energy Inc were trading at $21.01 on the day of the sale, giving the company a market cap of approximately $3.49 billion. The price-earnings ratio of the company stands at 8.40, which is below both the industry median of 10.57 and the company’s historical median.
According to the GF Value, the intrinsic value of Liberty Energy Inc is estimated at $21.07 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future prospects. The consistent insider selling over the past year could be a point of analysis for potential investors.
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.
