Liberty Energy (NYSE:LBRT) Sets New 52-Week Low – Should You Sell?

Liberty Energy Inc. (NYSE:LBRT)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $13.51 and last traded at $13.53, with a volume of 1661012 shares. The stock had previously closed at $16.08.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Royal Bank of Canada downgraded Liberty Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. 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. The Goldman Sachs Group began coverage on Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.90.

Liberty Energy Stock Performance

The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 7.02 and a beta of 1.58. The firm has a fifty day moving average of $16.88 and a 200 day moving average of $18.42. 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 (NYSE:LBRT) last posted its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. On average, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.08 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.44%. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Palogic Value Management L.P. purchased a new stake in Liberty Energy in the 4th quarter worth $1,492,000. Alpha Wealth Funds LLC purchased a new position in shares of Liberty Energy during the fourth quarter worth $728,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Liberty Energy in the fourth quarter valued at $3,365,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Liberty Energy by 5.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,798 shares of the company’s stock valued at $6,739,000 after buying an additional 17,440 shares during the period. Finally, iSAM Funds UK Ltd purchased a new position in Liberty Energy in the fourth quarter worth approximately $312,000. 98.22% of the stock is 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.