Liberty Energy Inc. (NYSE:LBRT) Receives $22.20 Consensus PT from Brokerages

Liberty Energy Inc. (NYSE:LBRT) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $22.30.

LBRT has been the topic of several recent research reports. Barclays cut their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group initiated coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, TD Cowen decreased their price target on Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th.

Insiders Place Their Bets

In other news, CFO Michael Stock sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 2,936 shares of the business’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 value of $56,253.76. Following the transaction, the chief executive officer now directly owns 2,543,877 shares in the company, valued at approximately $48,740,683.32. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,936 shares of company stock worth $1,341,184. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Covestor Ltd lifted its holdings in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. Quarry LP raised its stake in shares of Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after purchasing an additional 1,401 shares during the last quarter. Blue Trust Inc. boosted its holdings in Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares during the last quarter. Spire Wealth Management bought a new position in Liberty Energy in the 4th quarter valued at $60,000. Finally, GAMMA Investing LLC raised its holdings in shares of Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after purchasing an additional 1,431 shares during the period. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Stock Down 3.2 %

Shares of NYSE:LBRT opened at $17.71 on Thursday. Liberty Energy has a 1-year low of $16.57 and a 1-year high of $24.75. The company’s fifty day moving average is $19.80 and its two-hundred day moving average is $19.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.27. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.47 and a beta of 1.63.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, January 29th. The company reported $0.10 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%. Equities analysts anticipate that Liberty Energy will post 0.9 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.81%. Liberty Energy’s payout ratio is presently 17.11%.

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.