Barclays Has Lowered Expectations for Liberty Energy (NYSE:LBRT) Stock Price

Liberty Energy (NYSE:LBRT - Get Free Report) had its target price cut by equities research analysts at Barclays from $17.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 34.85% from the stock's previous close.

LBRT has been the topic of a number of other research reports. Royal Bank of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $24.00 to $19.00 in a research note on Monday, March 24th. TD Cowen increased their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday. Morgan Stanley upgraded shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. Citigroup lifted their target price on Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their target price on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.90.

Liberty Energy Stock Up 2.8 %

Liberty Energy stock traded up $0.33 on Tuesday, hitting $11.87. 1,578,499 shares of the stock traded hands, compared to its average volume of 2,732,281. The business's fifty day simple moving average is $14.59 and its 200 day simple moving average is $17.49. The firm has a market cap of $1.92 billion, a P/E ratio of 6.40 and a beta of 1.18. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period last year, the business earned $0.48 earnings per share. As a group, sell-side analysts forecast that Liberty Energy will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 10,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Liberty Energy

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after purchasing an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after buying an additional 1,583 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Liberty Energy during the fourth quarter valued at approximately $60,000. Smartleaf Asset Management LLC lifted its stake in shares of Liberty Energy by 176.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after acquiring an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Energy during the fourth quarter valued at $99,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.