Liberty Energy (NYSE:LBRT) Stock Price Down 2.5%

Liberty Energy Inc. (NYSE:LBRT) shares fell 2.5% during trading on Tuesday . The company traded as low as $19.45 and last traded at $19.50. 166,817 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 2,678,164 shares. The stock had previously closed at $20.01.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LBRT. Barclays boosted their price target on Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada upped their price objective on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Bank of America upped their price objective on Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Wells Fargo & Company upped their price objective on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price objective on shares of Liberty Energy in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Liberty Energy Price Performance

The company has a current ratio of 1.48, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.37 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.74. The stock has a 50 day simple moving average of $21.99 and a 200-day simple moving average of $20.89.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. Equities analysts anticipate that Liberty Energy Inc. will post 2.39 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, June 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Insider Activity

In other news, CAO Ryan T. Gosney sold 2,000 shares of Liberty Energy stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $23.50, for a total transaction of $47,000.00. Following the completion of the sale, the chief accounting officer now owns 170,882 shares of the company’s stock, valued at $4,015,727. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Ryan T. Gosney sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $23.50, for a total value of $47,000.00. Following the completion of the transaction, the chief accounting officer now owns 170,882 shares of the company’s stock, valued at $4,015,727. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ryan T. Gosney sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $24.00, for a total transaction of $96,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 166,882 shares of the company’s stock, valued at approximately $4,005,168. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,626 shares of company stock valued at $3,840,833. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Liberty Energy during the fourth quarter valued at $800,000. International Assets Investment Management LLC boosted its holdings in Liberty Energy by 1,777.4% in the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock valued at $4,232,000 after purchasing an additional 220,854 shares during the last quarter. American Century Companies Inc. boosted its holdings in Liberty Energy by 12.4% in the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock valued at $41,505,000 after purchasing an additional 247,074 shares during the last quarter. LSV Asset Management boosted its holdings in Liberty Energy by 522.2% in the fourth quarter. LSV Asset Management now owns 897,180 shares of the company’s stock valued at $16,275,000 after purchasing an additional 752,980 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in Liberty Energy by 14.1% in the first quarter. Hennessy Advisors Inc. now owns 1,338,400 shares of the company’s stock valued at $27,732,000 after purchasing an additional 165,400 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.