Liberty Energy Inc. (NYSE:LBRT) Stock Has Average Price Target of $29.55 According to Analysts

by · The Cerbat Gem

Shares of Liberty Energy Inc. (NYSE:LBRT – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $29.55.

Several analysts recently issued reports on LBRT shares. Wall Street Zen lowered Liberty Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings lowered Liberty Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Zacks Research downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Stifel Nicolaus reduced their price target on Liberty Energy from $37.00 to $36.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Royal Bank Of Canada lowered their price target on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th.

Check Out Our Latest Stock Analysis on Liberty Energy

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, Director Arjun Murti acquired 14,053 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased at an average cost of $17.79 per share, for a total transaction of $250,002.87. Following the completion of the acquisition, the director owned 41,621 shares of the company’s stock, valued at approximately $740,437.59. This trade represents a 50.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Stock sold 6,666 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $19.84, for a total value of $132,253.44. Following the transaction, the chief financial officer directly owned 760,379 shares in the company, valued at approximately $15,085,919.36. This represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 19,998 shares of company stock valued at $450,955. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Energy

Institutional investors have recently made changes to their positions in the business. Situational Awareness LP acquired a new stake in Liberty Energy during the fourth quarter valued at approximately $10,471,000. Eventide Asset Management LLC acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $36,394,000. Legato Capital Management LLC bought a new position in shares of Liberty Energy during the 4th quarter worth approximately $842,000. Clearline Capital LP bought a new position in shares of Liberty Energy during the 4th quarter worth approximately $8,205,000. Finally, Van Den Berg Management I Inc. acquired a new stake in Liberty Energy in the 4th quarter valued at $704,000. 98.22% of the stock is currently owned by institutional investors.

Liberty Energy Price Performance

NYSE LBRT opened at $18.22 on Tuesday. The company has a 50 day simple moving average of $20.03 and a 200-day simple moving average of $25.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.61. Liberty Energy has a 52-week low of $11.52 and a 52-week high of $34.48.

Liberty Energy (NYSE:LBRT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. Equities research analysts predict that Liberty Energy will post 0.35 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, September 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.0%. Liberty Energy’s dividend payout ratio (DPR) is currently 48.65%.

About Liberty Energy

(Get Free Report)

Liberty Energy Inc is an energy services company that provides specialized equipment, technology and services used in the development of onshore oil and natural gas resources. The company primarily supports exploration and production companies during the well-completion process, with an emphasis on hydraulic fracturing and related operations.

Its services and products include hydraulic fracturing, wireline services, proppant logistics, frac-related equipment, field engineering and operational support.

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