Brokerages Set Liberty Energy Inc. (NYSE:LBRT) PT at $22.30

Shares of Liberty Energy Inc. (NYSE:LBRT) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.90.

A number of brokerages have commented on LBRT. Stifel Nicolaus raised their price objective on Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen decreased their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $25.00 in a research note on Thursday. Atb Cap Markets raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Citigroup upped their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th.

Liberty Energy Price Performance

NYSE:LBRT opened at $16.21 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97. Liberty Energy has a one year low of $13.86 and a one year high of $24.75. The company has a fifty day moving average price of $17.42 and a 200 day moving average price of $18.51. The stock has a market cap of $2.63 billion, a P/E ratio of 8.67 and a beta of 1.58.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. Analysts anticipate that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy’s payout ratio is currently 17.11%.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00. Following the transaction, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. This represents a 2.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 40,000 shares of company stock valued at $808,350 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

A number of large investors have recently modified their holdings of the stock. Quarry LP increased its holdings in shares of Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Liberty Energy by 257.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,583 shares during the last quarter. Blue Trust Inc. increased its stake 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 buying an additional 2,111 shares during the period. Spire Wealth Management bought a new stake in shares of Liberty Energy during the fourth quarter worth $60,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after acquiring an additional 2,184 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.