On October 3, 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 reported in a recent SEC Filing. Following this sale, the insider now owns 2,618,813 shares of Liberty Energy Inc.
Liberty Energy Inc 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 hydraulic fracturing of unconventional wells, as well as related services such as wireline perforation, pumpdown, and logistical support.
Over the past year, Christopher Wright has sold a total of 497,371 shares and has not made any purchases. The insider transaction history for Liberty Energy Inc shows a trend of more sales than purchases, with 35 insider sells and no insider buys over the same timeframe.
Shares of Liberty Energy Inc were trading at $20.06 on the day of the sale, giving the company a market cap of approximately $3.39 billion. The price-earnings ratio of the stock is 8.17, which is lower than both the industry median of 11.41 and the company’s historical median.
According to the GF Value, the intrinsic value of Liberty Energy Inc is estimated at $21.08 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.95.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and estimated future business outcomes.
This recent insider sell by Christopher Wright may be of interest to investors monitoring insider behaviors and the valuation levels of Liberty Energy Inc.
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.
