Liberty Energy (NYSE:LBRT) Given New $23.00 Price Target at Stifel Nicolaus

Liberty Energy (NYSE:LBRT - Get Free Report) had its target price decreased by research analysts at Stifel Nicolaus from $25.00 to $23.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 8.49% from the company's previous close.

A number of other brokerages have also weighed in on LBRT. The Goldman Sachs Group assumed coverage on Liberty Energy in a research note on Friday, December 13th. They set a "neutral" rating and a $19.00 price objective for the company. Royal Bank of Canada dropped their price target on shares of Liberty Energy from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, October 18th. Evercore ISI upgraded shares of Liberty Energy to a "strong-buy" rating in a research note on Thursday, October 17th. Citigroup downgraded shares of Liberty Energy from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $19.00 in a research report on Friday, October 18th. Finally, Barclays reduced their price target on shares of Liberty Energy from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.30.

Liberty Energy Stock Up 1.5 %

NYSE LBRT traded up $0.31 on Monday, reaching $21.20. The company had a trading volume of 2,867,449 shares, compared to its average volume of 2,852,883. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. Liberty Energy has a 1 year low of $16.57 and a 1 year high of $24.75. The firm has a 50-day moving average of $18.39 and a 200-day moving average of $19.64. The firm has a market capitalization of $3.46 billion, a PE ratio of 10.10 and a beta of 1.66.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the company posted $0.85 earnings per share. Liberty Energy's revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Liberty Energy will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 12,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.44, for a total transaction of $209,280.00. Following the completion of the transaction, the chief executive officer now directly owns 2,606,813 shares of the company's stock, valued at $45,462,818.72. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Stock sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,973 shares of company stock worth $1,471,335 in the last three months. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its stake in shares of Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company's stock valued at $33,000 after purchasing an additional 838 shares in the last quarter. Quarry LP increased its stake in shares of Liberty Energy by 237.5% during the third quarter. Quarry LP now owns 1,991 shares of the company's stock valued at $38,000 after acquiring an additional 1,401 shares during the period. GAMMA Investing LLC raised its holdings in Liberty Energy by 82.1% during the third quarter. GAMMA Investing LLC now owns 3,174 shares of the company's stock worth $61,000 after purchasing an additional 1,431 shares in the last quarter. US Bancorp DE lifted its position in Liberty Energy by 93.2% in the third quarter. US Bancorp DE now owns 4,180 shares of the company's stock worth $80,000 after purchasing an additional 2,016 shares during the period. Finally, KBC Group NV boosted its stake in Liberty Energy by 24.8% during the 3rd quarter. KBC Group NV now owns 4,906 shares of the company's stock valued at $94,000 after purchasing an additional 974 shares in the last quarter. Institutional investors and hedge funds 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.