Liberty Energy Inc. (NYSE:LBRT – Get Free Report) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.00.
LBRT has been the topic of a number of research analyst reports. TD Cowen decreased their price target on Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Barclays decreased their price target on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Bank of America decreased their price target on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Citigroup decreased their price target on Liberty Energy from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Piper Sandler decreased their price target on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th.
View Our Latest Stock Analysis on LBRT
Insider Activity at Liberty Energy
Institutional Investors Weigh In On Liberty Energy
Several hedge funds and other institutional investors have recently bought and sold shares of LBRT. Norges Bank bought a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $13,877,000. United Services Automobile Association bought a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $201,000. TD Asset Management Inc increased its holdings in shares of Liberty Energy by 68.8% in the 4th quarter. TD Asset Management Inc now owns 271,788 shares of the company’s stock valued at $4,930,000 after acquiring an additional 110,800 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Liberty Energy by 142,342.9% in the 4th quarter. TFO Wealth Partners LLC now owns 9,971 shares of the company’s stock valued at $181,000 after acquiring an additional 9,964 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Liberty Energy in the 4th quarter valued at approximately $63,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Energy Trading Up 3.5 %
Liberty Energy stock opened at $20.49 on Friday. The stock has a market cap of $3.41 billion, a PE ratio of 7.48, a P/E/G ratio of 1.24 and a beta of 1.68. The stock has a 50-day moving average price of $20.44 and a 200 day moving average price of $21.37. Liberty Energy has a 52 week low of $16.33 and a 52 week high of $24.75. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.
Liberty Energy (NYSE:LBRT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 17th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Equities research analysts predict that Liberty Energy will post 2.18 earnings per share for the current fiscal year.
Liberty Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.37%. Liberty Energy’s payout ratio is currently 10.22%.
About Liberty Energy
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.
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