Liberty Energy (NYSE:LBRT) Reaches New 52-Week Low – Should You Sell?

Liberty Energy Inc. (NYSE:LBRT) shares reached a new 52-week low on Monday . The company traded as low as $14.77 and last traded at $14.58, with a volume of 76827 shares traded. The stock had previously closed at $15.17.

Analysts Set New Price Targets

LBRT has been the subject of several analyst reports. Citigroup upped their target price on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada reduced their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Trading Down 0.4 %

The business’s 50-day moving average price is $19.10 and its two-hundred day moving average price is $18.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 7.69 and a beta of 1.58.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. Equities analysts expect that Liberty Energy Inc. will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.22%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 17.11%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares in the company, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 40,000 shares of company stock worth $808,350. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently added to or reduced their stakes in LBRT. Covestor Ltd raised its holdings in shares of Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares in the last quarter. Quarry LP increased its holdings in shares of Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares during the period. Blue Trust Inc. boosted its stake 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 buying an additional 2,111 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Liberty Energy by 257.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,583 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in Liberty Energy during the fourth quarter worth $60,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.