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

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.20.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Liberty Energy in a research note on Friday, December 13th. They set a "neutral" rating and a $19.00 target price for the company. Royal Bank of Canada decreased their price target on shares of Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, October 18th. TD Cowen cut their price target on Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Evercore ISI upgraded shares of Liberty Energy to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, Barclays lowered their price objective on Liberty Energy from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th.

Liberty Energy Stock Down 7.5 %

NYSE:LBRT traded down $1.54 on Thursday, reaching $19.12. The stock had a trading volume of 7,054,930 shares, compared to its average volume of 3,075,849. The stock has a market cap of $3.12 billion, a P/E ratio of 9.10 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 company has a 50-day moving average of $19.84 and a 200 day moving average of $19.79. Liberty Energy has a 12-month low of $16.57 and a 12-month high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. On average, research analysts predict that Liberty Energy will post 1.66 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Thursday, March 6th. Liberty Energy's dividend payout ratio (DPR) is presently 15.24%.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 2,037 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.15, for a total transaction of $36,971.55. Following the sale, the chief executive officer now directly owns 2,578,813 shares of the company's stock, valued at approximately $46,805,455.95. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $18.45, for a total transaction of $92,250.00. Following the completion of the transaction, the chief financial officer now directly owns 720,207 shares of the company's stock, valued at approximately $13,287,819.15. This trade represents a 0.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,973 shares of company stock valued at $1,586,335 over the last three months. Company insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds have recently bought and sold shares of LBRT. Creative Planning grew its stake in Liberty Energy by 3.7% in the 3rd quarter. Creative Planning now owns 19,456 shares of the company's stock valued at $371,000 after buying an additional 703 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Liberty Energy by 0.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company's stock worth $1,635,000 after purchasing an additional 708 shares during the period. Andina Capital Management LLC lifted its holdings in Liberty Energy by 4.4% during the 3rd quarter. Andina Capital Management LLC now owns 19,413 shares of the company's stock worth $371,000 after purchasing an additional 814 shares during the last quarter. Covestor Ltd boosted its stake in Liberty Energy by 96.8% in the 3rd 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. Finally, KBC Group NV grew its holdings in 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. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.