Liberty Energy Inc. (NYSE:LBRT) Short Interest Update

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 12,430,000 shares, a decrease of 16.5% from the February 13th total of 14,890,000 shares. Based on an average daily trading volume, of 3,240,000 shares, the short-interest ratio is presently 3.8 days. Approximately 8.0% of the company's stock are short sold.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup upped 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. Atb Cap Markets raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Liberty Energy in a report on Friday, December 13th. They issued a "neutral" rating and a $19.00 price target for the company. Royal Bank of Canada reduced their price target on Liberty Energy from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, Seaport Res Ptn raised Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.30.

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Liberty Energy Stock Up 0.4 %

NYSE LBRT traded up $0.06 during trading on Friday, hitting $14.63. 15,672,983 shares of the company traded hands, compared to its average volume of 2,547,278. The company has a market capitalization of $2.37 billion, a P/E ratio of 7.82 and a beta of 1.58. The business has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $18.62. Liberty Energy has a 12 month low of $13.86 and a 12 month high of $24.75. 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 (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results 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%. As a group, sell-side analysts predict that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Thursday, March 6th. Liberty Energy's dividend payout ratio (DPR) is presently 17.11%.

Insider Transactions at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $19.51, for a total value of $97,550.00. Following the completion of the sale, the chief financial officer now owns 700,207 shares of the company's stock, valued at $13,661,038.57. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 40,000 shares of company stock valued at $808,350 over the last quarter. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors have recently added to or reduced their stakes in LBRT. Quarry LP lifted its stake in Liberty Energy by 237.5% during 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 period. CIBC Private Wealth Group LLC lifted its stake in Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after purchasing an additional 1,583 shares during the period. Blue Trust Inc. lifted 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 worth $47,000 after purchasing an additional 2,111 shares during the period. Spire Wealth Management bought a new position in Liberty Energy during the fourth quarter worth about $60,000. Finally, Smartleaf Asset Management LLC lifted its stake in Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after purchasing an additional 2,184 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

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.