Liberty Energy Inc. (NYSE:LBRT) Receives $22.20 Average Price Target from Analysts

Liberty Energy Inc. (NYSE:LBRT) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $22.30.

LBRT has been the topic of a number of recent analyst reports. Atb Cap Markets raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. TD Cowen dropped their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, The Goldman Sachs Group started coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 price target on the stock.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.45, for a total transaction of $92,250.00. Following the completion of the sale, the chief financial officer now directly owns 720,207 shares of the company’s stock, valued at approximately $13,287,819.15. This trade represents a 0.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 2,037 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total value of $36,971.55. Following the sale, the chief executive officer now directly owns 2,578,813 shares of the company’s stock, valued at $46,805,455.95. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,973 shares of company stock valued at $1,291,005 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Liberty Energy

A number of institutional investors and hedge funds have recently modified their holdings of LBRT. Creative Planning increased its position in shares of Liberty Energy by 28.6% during the second quarter. Creative Planning now owns 18,753 shares of the company’s stock valued at $392,000 after acquiring an additional 4,169 shares during the last quarter. Truist Financial Corp increased its position in shares of Liberty Energy by 13.4% during the second quarter. Truist Financial Corp now owns 90,862 shares of the company’s stock valued at $1,898,000 after acquiring an additional 10,766 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Liberty Energy by 6.3% during the second quarter. Cetera Investment Advisers now owns 52,948 shares of the company’s stock valued at $1,106,000 after acquiring an additional 3,132 shares during the last quarter. Maven Securities LTD purchased a new stake in shares of Liberty Energy during the second quarter valued at approximately $251,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Liberty Energy during the second quarter valued at approximately $642,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Trading Down 1.6 %

NYSE LBRT opened at $18.02 on Thursday. The business’s 50-day moving average price is $19.82 and its two-hundred day moving average price is $19.71. Liberty Energy has a 12 month low of $16.57 and a 12 month high of $24.75. The firm has a market capitalization of $2.94 billion, a PE ratio of 9.64 and a beta of 1.66. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data 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 net margin of 7.32% and a return on equity of 14.28%. On average, analysts expect that Liberty Energy will post 0.9 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 17.11%.

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.