Liberty Energy (NYSE:LBRT) Reaches New 12-Month Low - Here's Why

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.77 and last traded at $14.58, with a volume of 76827 shares changing hands. The stock had previously closed at $15.17.

Analysts Set New Price Targets

Several research firms recently issued reports on LBRT. Royal Bank of Canada lowered their price objective on Liberty Energy from $26.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Atb Cap Markets upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Seaport Res Ptn upgraded Liberty Energy from a "hold" rating to a "strong-buy" rating in a report on Sunday, January 5th. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a report on Friday, December 13th. They set a "neutral" rating and a $19.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Liberty Energy from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.30.

Liberty Energy Stock Down 2.2 %

The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $18.90. The company has a market capitalization of $2.28 billion, a PE ratio of 7.54 and a beta of 1.58.

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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 analysts' consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. Research analysts expect that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy's dividend payout ratio (DPR) is 17.11%.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the sale, the chief financial officer now directly owns 680,207 shares in the company, valued at approximately $14,161,909.74. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 40,000 shares of company stock worth $808,350 in the last quarter. Company insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its position in Liberty Energy by 93.2% during the third quarter. US Bancorp DE now owns 4,180 shares of the company's stock worth $80,000 after acquiring an additional 2,016 shares during the last quarter. Amalgamated Bank raised its position in shares of Liberty Energy by 3.7% in the third quarter. Amalgamated Bank now owns 48,494 shares of the company's stock valued at $926,000 after buying an additional 1,711 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Liberty Energy by 4.5% during the third quarter. Principal Financial Group Inc. now owns 872,215 shares of the company's stock valued at $16,651,000 after buying an additional 37,927 shares during the period. Covestor Ltd boosted its position in Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company's stock worth $33,000 after acquiring an additional 838 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Liberty Energy by 20.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 94,953 shares of the company's stock worth $1,813,000 after acquiring an additional 15,810 shares during the period. 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.