Liberty Energy Inc. (NYSE:LBRT) Receives $22.30 Consensus Price Target from Brokerages

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.80.

LBRT has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Liberty Energy from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $24.00 to $19.00 in a report on Monday. Atb Cap Markets upgraded shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Citigroup increased their price target on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, TD Cowen dropped their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the sale, the chief financial officer now directly owns 680,207 shares in the company, valued at approximately $14,161,909.74. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 40,000 shares of company stock worth $808,350 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the last quarter. Impala Asset Management LLC lifted its holdings in shares of Liberty Energy by 89.2% in the third quarter. Impala Asset Management LLC now owns 350,000 shares of the company's stock valued at $6,682,000 after purchasing an additional 165,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Liberty Energy by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company's stock valued at $42,709,000 after purchasing an additional 166,443 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Liberty Energy during the 4th quarter worth approximately $498,000. Finally, Intech Investment Management LLC purchased a new position in shares of Liberty Energy during the 3rd quarter worth approximately $904,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Up 3.0 %

LBRT traded up $0.45 during trading on Friday, hitting $15.08. The stock had a trading volume of 2,636,036 shares, compared to its average volume of 2,551,162. Liberty Energy has a twelve month low of $13.86 and a twelve month high of $24.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The company has a market capitalization of $2.44 billion, a PE ratio of 8.06 and a beta of 1.58. The stock has a 50 day simple moving average of $17.94 and a two-hundred day simple moving average of $18.60.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. On average, research analysts predict that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy's payout ratio is 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.