5 Cheap Hot Stocks To Buy Now

4. Liberty Energy Inc. (NYSE:LBRT)

Latest TTM Price To Earnings Ratio: 5.51

Liberty Energy Inc. (NYSE:LBRT) is a backend oil company that provides drilling products and services to oil exploration companies. While slowing oil exploration in America slowed its growth during the third quarter, Liberty Energy Inc. (NYSE:LBRT)’s management shared that it expects the situation to improve in 2024 on the back of stronger commodity prices.

After digging through 910 hedge funds for their second quarter of 2023 shareholdings, Insider Monkey discovered that 29 had invested in the company. Liberty Energy Inc. (NYSE:LBRT)’s biggest investor in our database is Ken Griffin’s Citadel Investment Group due to its $52 million stake.

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