Brokerages Set Liberty Energy Inc. (NYSE:LBRT) PT at $25.44

Liberty Energy Inc. (NYSE:LBRT) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $24.89.

Several equities analysts have recently weighed in on LBRT shares. Royal Bank of Canada raised their target price on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Morgan Stanley restated an “equal weight” rating and issued a $24.00 target price on shares of Liberty Energy in a research report on Monday, April 22nd. TD Cowen decreased their target price on Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday. Piper Sandler decreased their target price on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Finally, Wells Fargo & Company raised their target price on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, April 19th.

Insider Buying and Selling

In related news, CAO Ryan T. Gosney sold 2,000 shares of Liberty Energy stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $23.50, for a total transaction of $47,000.00. Following the transaction, the chief accounting officer now owns 170,882 shares in the company, valued at $4,015,727. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $24.32, for a total transaction of $486,400.00. Following the completion of the sale, the chief financial officer now owns 805,207 shares of the company’s stock, valued at $19,582,634.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Ryan T. Gosney sold 2,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $23.50, for a total value of $47,000.00. Following the sale, the chief accounting officer now directly owns 170,882 shares of the company’s stock, valued at approximately $4,015,727. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,000 shares of company stock worth $3,932,731. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Liberty Energy in the fourth quarter valued at $800,000. International Assets Investment Management LLC grew its stake in shares of Liberty Energy by 1,777.4% in the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock valued at $4,232,000 after buying an additional 220,854 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Liberty Energy by 12.4% in the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock valued at $41,505,000 after buying an additional 247,074 shares in the last quarter. Foundry Partners LLC grew its stake in shares of Liberty Energy by 15.6% in the first quarter. Foundry Partners LLC now owns 209,056 shares of the company’s stock valued at $4,332,000 after buying an additional 28,153 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Liberty Energy by 522.2% in the fourth quarter. LSV Asset Management now owns 897,180 shares of the company’s stock valued at $16,275,000 after buying an additional 752,980 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $21.54 on Friday. The company has a market capitalization of $3.59 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.24 and a beta of 1.74. The business’s 50 day moving average is $21.95 and its two-hundred day moving average is $21.06. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. Liberty Energy has a 12-month low of $14.75 and a 12-month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. Liberty Energy’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. Analysts expect that Liberty Energy will post 2.19 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.30%. Liberty Energy’s payout ratio is 10.22%.

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.