Liberty Energy (NYSE:LBRT) Rating Reiterated by Morgan Stanley

Liberty Energy (NYSE:LBRT)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $24.00 target price on the stock. Morgan Stanley’s target price would suggest a potential upside of 5.17% from the company’s current price.

Other analysts also recently issued reports about the company. Piper Sandler lifted their price target on Liberty Energy from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. TD Cowen upped their price target on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a report on Friday, April 19th. Barclays raised their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Bank of America upped their target price on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company increased their target price on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.30.

Liberty Energy Stock Performance

Shares of Liberty Energy stock opened at $22.82 on Monday. The business has a 50-day simple moving average of $21.25 and a 200-day simple moving average of $19.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. Liberty Energy has a one year low of $11.62 and a one year high of $23.31. The company has a market cap of $3.80 billion, a PE ratio of 8.31, a P/E/G ratio of 1.11 and a beta of 1.85.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm earned $0.90 EPS. The company’s revenue was down 12.8% on a year-over-year basis. On average, equities research analysts forecast that Liberty Energy will post 2.58 EPS for the current fiscal year.

Insider Activity

In other Liberty Energy news, insider R Sean Elliott sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the completion of the sale, the insider now directly owns 218,530 shares of the company’s stock, valued at approximately $4,479,865. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director William F. Kimble sold 12,459 shares of Liberty Energy stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $21.55, for a total value of $268,491.45. Following the sale, the director now owns 69,963 shares of the company’s stock, valued at $1,507,702.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider R Sean Elliott sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. Following the transaction, the insider now owns 218,530 shares in the company, valued at $4,479,865. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,459 shares of company stock valued at $2,077,491. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds have recently added to or reduced their stakes in LBRT. CWM LLC raised its stake in shares of Liberty Energy by 59.7% during the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock worth $59,000 after buying an additional 1,183 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Liberty Energy in the third quarter valued at $1,787,000. Miller Howard Investments Inc. NY boosted its position in shares of Liberty Energy by 1.3% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 227,433 shares of the company’s stock worth $4,212,000 after purchasing an additional 2,909 shares in the last quarter. HGK Asset Management Inc. acquired a new position in shares of Liberty Energy during the 3rd quarter worth $330,000. Finally, Maryland State Retirement & Pension System purchased a new position in shares of Liberty Energy in the 3rd quarter valued at about $1,058,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.