Liberty Energy Inc. (NYSE:LBRT) Receives $22.30 Consensus Price Target from Brokerages

Shares of Liberty Energy Inc. (NYSE:LBRT) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $22.30.

Several research analysts have recently issued reports on LBRT shares. Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. TD Cowen cut their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup boosted 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. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, Stifel Nicolaus boosted their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares in the company, valued at approximately $14,161,909.74. The trade was a 2.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 40,000 shares of company stock worth $808,350 in the last 90 days. 1.90% of the stock is owned by company insiders.

Institutional Trading of Liberty Energy

A number of institutional investors have recently modified their holdings of LBRT. FMR LLC grew its holdings in shares of Liberty Energy by 17.1% during the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock worth $345,821,000 after purchasing an additional 2,640,119 shares during the period. Franklin Resources Inc. grew its holdings in shares of Liberty Energy by 83.5% during the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company’s stock worth $96,043,000 after purchasing an additional 2,197,352 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Liberty Energy by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after purchasing an additional 1,193,918 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Liberty Energy during the 4th quarter worth about $20,337,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Liberty Energy by 15.9% during the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after purchasing an additional 963,068 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Up 0.4 %

NYSE:LBRT opened at $14.63 on Friday. The company has a market capitalization of $2.37 billion, a PE ratio of 7.82 and a beta of 1.58. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. Liberty Energy has a 52-week low of $13.86 and a 52-week high of $24.75. The stock has a fifty day simple moving average of $17.94 and a 200-day simple moving average of $18.60.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. On average, equities research analysts expect that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

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.