On November 1, 2024, Michael Stock, Chief Financial Officer of Liberty Energy Inc (LBRT, Financial), sold 5,000 shares of the company at a price of $17.21 per share. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 725,207 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 160,000 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 30 insider sells and no insider buys over the past year.
The shares of Liberty Energy Inc were trading at $17.21 on the day of the sale, giving the company a market cap of approximately $2.79 billion. The price-earnings ratio of the company stands at 8.14, which is lower than both the industry median of 11.11 and the company's historical median.
According to the GF Value, the intrinsic value of Liberty Energy Inc is estimated at $20.38 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.84.
This valuation is supported by 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 expected future business outcomes as estimated by analysts.
The insider's recent sale could be of interest to investors tracking insider behaviors as an indicator of the company's future prospects and valuation accuracy.
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.
