Liberty Energy Inc. (NYSE:LBRT) Receives $24.78 Consensus PT from Analysts

Shares of Liberty Energy Inc. (NYSE:LBRT) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $24.78.

A number of analysts recently issued reports on LBRT shares. Bank of America decreased their price objective on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Piper Sandler lowered their price objective on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Barclays dropped their price target on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Finally, TD Cowen cut their price objective on Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a report on Friday, July 19th.

Insider Activity at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.91, for a total transaction of $398,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,678,813 shares of the company’s stock, valued at approximately $53,335,166.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.91, for a total transaction of $398,200.00. Following the sale, the chief executive officer now directly owns 2,678,813 shares of the company’s stock, valued at approximately $53,335,166.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 4,374 shares of Liberty Energy stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $21.01, for a total transaction of $91,897.74. Following the completion of the transaction, the chief financial officer now owns 785,207 shares in the company, valued at approximately $16,497,199.07. The disclosure for this sale can be found here. Insiders sold 84,374 shares of company stock worth $1,758,898 in the last three months. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Liberty Energy in the fourth quarter worth about $13,877,000. United Services Automobile Association acquired a new stake in Liberty Energy during the fourth quarter worth $201,000. TD Asset Management Inc raised its stake in shares of Liberty Energy by 68.8% in the 4th quarter. TD Asset Management Inc now owns 271,788 shares of the company’s stock valued at $4,930,000 after buying an additional 110,800 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in Liberty Energy by 142,342.9% in the 4th quarter. TFO Wealth Partners LLC now owns 9,971 shares of the company’s stock valued at $181,000 after buying an additional 9,964 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Liberty Energy in the fourth quarter valued at about $63,000. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Stock Up 1.6 %

LBRT stock opened at $18.98 on Friday. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $21.40. Liberty Energy has a 12 month low of $16.33 and a 12 month high of $24.75. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.16 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.68.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Liberty Energy will post 2.18 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.48%. Liberty Energy’s dividend payout ratio is presently 10.22%.

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.