Brokerages Set Liberty Energy Inc. (NYSE:LBRT) PT at $22.30

Shares of Liberty Energy Inc. (NYSE:LBRT) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.80.

A number of research firms have recently issued reports on LBRT. Citigroup raised their price target on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. TD Cowen lowered their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

Liberty Energy Stock Performance

NYSE:LBRT opened at $15.55 on Friday. Liberty Energy has a twelve month low of $13.86 and a twelve month high of $24.75. The stock has a market cap of $2.52 billion, a P/E ratio of 8.32 and a beta of 1.58. The firm’s fifty day simple moving average is $17.82 and its 200 day simple moving average is $18.57. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20.

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%. As a group, research analysts predict that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy’s dividend payout ratio is presently 17.11%.

Insider Transactions at Liberty Energy

In other 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 value of $179,400.00. Following the completion of the sale, the chief financial officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 40,000 shares of company stock valued at $808,350. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in Liberty Energy by 1.0% during the third quarter. Victory Capital Management Inc. now owns 620,933 shares of the company’s stock valued at $11,854,000 after purchasing an additional 6,278 shares in the last quarter. KBC Group NV boosted its holdings in shares of Liberty Energy by 24.8% in the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after buying an additional 974 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Liberty Energy by 17.8% in the 3rd quarter. Natixis Advisors LLC now owns 24,662 shares of the company’s stock worth $471,000 after buying an additional 3,733 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Liberty Energy by 3.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 129,833 shares of the company’s stock worth $2,479,000 after acquiring an additional 3,939 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in Liberty Energy by 7.3% during the third quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock valued at $306,000 after acquiring an additional 1,091 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

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.