Short Interest in Liberty Energy Inc. (NYSE:LBRT) Drops By 14.0%

Liberty Energy Inc. (NYSE:LBRT) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 14,690,000 shares, a decrease of 14.0% from the December 15th total of 17,080,000 shares. Based on an average daily trading volume, of 2,800,000 shares, the short-interest ratio is currently 5.2 days. Currently, 9.3% of the shares of the stock are sold short.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of Liberty Energy stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total transaction of $36,971.55. Following the transaction, the chief executive officer now directly owns 2,578,813 shares in the company, valued at approximately $46,805,455.95. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the transaction, the chief financial officer now owns 675,207 shares in the company, valued at approximately $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,973 shares of company stock valued at $1,586,335. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LBRT. FMR LLC lifted its position in Liberty Energy by 17.1% during the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after acquiring an additional 2,640,119 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Liberty Energy by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after buying an additional 1,193,918 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Liberty Energy by 15.9% during the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock valued at $133,866,000 after buying an additional 963,068 shares during the last quarter. Canoe Financial LP raised its position in shares of Liberty Energy by 20.4% during the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after buying an additional 699,500 shares during the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Liberty Energy by 285.1% during the third quarter. Bridgewater Associates LP now owns 700,814 shares of the company’s stock valued at $13,379,000 after buying an additional 518,830 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Down 2.0 %

NYSE:LBRT traded down $0.46 during trading hours on Friday, reaching $22.67. The company’s stock had a trading volume of 3,402,142 shares, compared to its average volume of 2,333,240. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 10.79 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy has a one year low of $16.57 and a one year high of $24.75. The business’s 50-day moving average is $19.18 and its 200-day moving average is $19.73.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities research analysts predict that Liberty Energy will post 1.66 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lowered their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Citigroup boosted their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lowered their price target on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Liberty Energy Company Profile

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.