Seaport Res Ptn Upgrades Liberty Energy (NYSE:LBRT) to Strong-Buy

Liberty Energy (NYSE:LBRT) was upgraded by Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports. Seaport Res Ptn also issued estimates for Liberty Energy’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.45 EPS and FY2025 earnings at $1.55 EPS.

Several other research firms also recently weighed in on LBRT. Citigroup downgraded Liberty Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $19.00 in a research note on Friday, October 18th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday, December 13th. They issued a “neutral” rating and a $19.00 price target for the company. Royal Bank of Canada cut their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, Wells Fargo & Company decreased their target price on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Stock Performance

Shares of Liberty Energy stock opened at $21.20 on Friday. 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 $3.46 billion, a P/E ratio of 10.10 and a beta of 1.66. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $18.39 and a two-hundred day simple moving average of $19.64.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.85 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that Liberty Energy will post 1.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares of the company’s stock, valued at $14,161,909.74. This represents a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher A. Wright sold 2,936 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total transaction of $56,253.76. Following the completion of the transaction, the chief executive officer now directly owns 2,543,877 shares in the company, valued at approximately $48,740,683.32. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,973 shares of company stock valued at $1,471,335. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd grew its holdings in Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the period. Quarry LP grew 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 acquiring an additional 1,401 shares during the period. GAMMA Investing LLC grew its stake in shares of Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after acquiring an additional 1,431 shares during the period. US Bancorp DE increased its holdings in Liberty Energy by 93.2% in the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after acquiring an additional 2,016 shares in the last quarter. Finally, KBC Group NV raised its stake in Liberty Energy by 24.8% during the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock worth $94,000 after acquiring an additional 974 shares during the period. 98.22% of the stock is currently owned by hedge funds and other 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.