Liberty Energy Inc. (NYSE:LBRT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.30.

Several research analysts have issued reports on LBRT shares. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada lowered their price target on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, January 31st.

Insider Transactions at Liberty Energy

In related news, CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction on Monday, December 30th. The shares were sold at an average price of $19.51, for a total value of $97,550.00. Following the completion of the sale, the chief financial officer now owns 700,207 shares of the company’s stock, valued at approximately $13,661,038.57. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 40,000 shares of company stock valued at $808,350 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Energy

Several hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in Liberty Energy by 17.1% in the 3rd quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after purchasing an additional 2,640,119 shares during the period. Pacer Advisors Inc. grew its position in Liberty Energy by 15.9% in the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock valued at $133,866,000 after purchasing an additional 963,068 shares during the period. State Street Corp lifted its stake in Liberty Energy by 2.7% during the 3rd quarter. State Street Corp now owns 6,662,830 shares of the company’s stock valued at $127,193,000 after acquiring an additional 176,887 shares in the last quarter. American Century Companies Inc. lifted its stake in Liberty Energy by 10.8% during the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company’s stock valued at $102,992,000 after acquiring an additional 505,634 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Liberty Energy by 83.5% during the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company’s stock valued at $96,043,000 after acquiring an additional 2,197,352 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Down 0.9 %

Shares of NYSE LBRT opened at $14.58 on Friday. The company has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $18.66. The firm has a market cap of $2.36 billion, a PE ratio of 7.79 and a beta of 1.58. Liberty Energy has a 1 year low of $13.86 and a 1 year high of $24.75. 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 issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (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%. On average, research analysts forecast that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.20%. 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.