Liberty Energy (NYSE:LBRT) Price Target Raised to $25.00

Liberty Energy (NYSE:LBRT) had its price target lifted by Stifel Nicolaus from $23.00 to $25.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 price target for the company. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Citigroup boosted their price objective on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Barclays reduced their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Liberty Energy Stock Performance

Shares of NYSE:LBRT opened at $18.30 on Friday. The company has a market cap of $2.99 billion, a P/E ratio of 9.79 and a beta of 1.66. Liberty Energy has a one year low of $16.57 and a one year high of $24.75. The business’s 50-day simple moving average is $19.83 and its 200 day simple moving average is $19.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.37% and a net margin of 7.32%. On average, sell-side analysts forecast that Liberty Energy will post 0.9 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

Insider Buying and Selling at Liberty Energy

In other news, CEO Christopher A. Wright sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.44, for a total transaction of $209,280.00. Following the completion of the sale, the chief executive officer now directly owns 2,606,813 shares of the company’s stock, valued at $45,462,818.72. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the sale, the chief financial officer now directly owns 675,207 shares of the company’s stock, valued at $15,529,761. This represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,973 shares of company stock valued at $1,500,285. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Energy

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd increased its stake in Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. Quarry LP boosted its stake in shares of Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after buying an additional 1,401 shares during the period. Blue Trust Inc. grew its holdings in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after acquiring an additional 2,111 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy in the fourth quarter worth $60,000. Finally, GAMMA Investing LLC raised its holdings in shares of Liberty Energy by 82.1% during the third quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after acquiring an additional 1,431 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.