Brokerages Set Liberty Energy Inc. (NYSE:LBRT) Target Price at $19.60

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.40.

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reissued an "equal weight" rating and issued a $11.00 target price (down previously from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. The Goldman Sachs Group reduced their price objective on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Citigroup increased their target price on Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Barclays reduced their price target on shares of Liberty Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, TD Cowen cut 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 report on Wednesday, January 8th.

Insider Buying and Selling at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of Liberty Energy 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 sale, the chief financial officer now directly owns 717,292 shares of the company's stock, valued at $12,868,218.48. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after buying an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Liberty Energy by 257.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after buying an additional 1,583 shares in the last quarter. Spire Wealth Management bought a new position in shares of Liberty Energy in the fourth quarter valued at about $60,000. Smartleaf Asset Management LLC lifted its position in 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 buying an additional 2,184 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Liberty Energy in the 4th quarter valued at about $99,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Stock Up 5.4 %

Liberty Energy stock traded up $0.62 during midday trading on Tuesday, hitting $12.05. 5,368,809 shares of the stock were exchanged, compared to its average volume of 2,732,939. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. The firm has a market cap of $1.95 billion, a P/E ratio of 6.44 and a beta of 1.18. The company has a 50 day moving average price of $14.70 and a two-hundred day moving average price of $17.57.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 14.28% and a net margin of 7.32%. During the same quarter last year, the firm earned $0.48 EPS. On average, sell-side analysts predict that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.66%. Liberty Energy's payout ratio is 21.19%.

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.