Liberty Energy (NYSE:LBRT) Sets New 12-Month Low - Time to Sell?

Shares of Liberty Energy Inc. (NYSE:LBRT - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $16.16 and last traded at $16.20, with a volume of 1878306 shares trading hands. The stock had previously closed at $17.27.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LBRT. Atb Cap Markets raised shares of Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a research note on Friday, December 13th. They set a "neutral" rating and a $19.00 price objective for the company. TD Cowen cut their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on Liberty Energy from $26.00 to $24.00 and set an "outperform" rating on the stock 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 issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.30.

Liberty Energy Price Performance

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 capitalization of $2.46 billion, a price-to-earnings ratio of 8.12 and a beta of 1.58. The stock has a 50 day moving average price of $19.27 and a two-hundred day moving average price of $19.07.

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Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share 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, analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, March 6th. Liberty Energy's payout ratio is presently 17.11%.

Insider Buying and Selling

In other news, CFO Michael Stock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the transaction, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 2,936 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $19.16, for a total value of $56,253.76. Following the sale, the chief executive officer now directly owns 2,543,877 shares in the company, valued at $48,740,683.32. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,936 shares of company stock worth $864,604. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Covestor Ltd lifted its position in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company's stock valued at $33,000 after acquiring an additional 838 shares during the last quarter. Quarry LP increased its position in shares of 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 in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of 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 in the last quarter. Blue Trust Inc. lifted its holdings 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 purchasing an additional 2,111 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Liberty Energy in the 4th quarter valued at about $60,000. Institutional investors and hedge funds 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.