Liberty Energy (NYSE:LBRT) Price Target Cut to $23.00 by Analysts at Stifel Nicolaus

Liberty Energy (NYSE:LBRT - Free Report) had its price objective trimmed by Stifel Nicolaus from $25.00 to $23.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on LBRT. Barclays dropped their target price 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. Morgan Stanley raised shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $20.00 to $25.00 in a research note on Thursday, March 27th. Citigroup increased their price target on Liberty Energy from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. The Goldman Sachs Group dropped their target price on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Liberty Energy has a consensus rating of "Moderate Buy" and an average price target of $19.40.

Liberty Energy Price Performance

Shares of NYSE LBRT traded up $0.62 during trading on Tuesday, hitting $12.05. The company had a trading volume of 5,368,809 shares, compared to its average volume of 2,737,099. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $14.70 and a two-hundred day simple moving average of $17.57. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.44 and a beta of 1.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $977.46 million during the quarter, compared to analysts' expectations 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 in the prior year, the firm earned $0.48 earnings per share. On average, research analysts expect that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Announces Dividend

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. This represents a $0.32 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is 21.19%.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Energy

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after acquiring an additional 2,111 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Liberty Energy by 257.8% during the 4th 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 last quarter. Spire Wealth Management purchased a new stake in shares of Liberty Energy during the 4th quarter worth $60,000. Smartleaf Asset Management LLC grew its stake in shares of 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 in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Liberty Energy in the fourth quarter valued at $99,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

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.