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

Liberty Energy Inc. (NYSE:LBRT) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five research 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 target price among brokers that have issued ratings on the stock in the last year is $22.30.

A number of analysts have weighed in on LBRT shares. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 target price on the stock. TD Cowen lowered their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus raised their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 31st.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total value of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares of the company’s stock, valued at approximately $14,161,909.74. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 40,000 shares of company stock worth $808,350 in the last three months. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRT. FMR LLC lifted its holdings in Liberty Energy by 17.1% in the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after acquiring an additional 2,640,119 shares during the period. Franklin Resources Inc. lifted its holdings in Liberty Energy by 83.5% in the fourth 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 during the period. JPMorgan Chase & Co. lifted its holdings in Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Liberty Energy in the fourth quarter valued at $20,337,000. Finally, Pacer Advisors Inc. lifted its holdings in Liberty Energy by 15.9% in the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock valued at $133,866,000 after acquiring an additional 963,068 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Up 0.4 %

LBRT stock opened at $14.63 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy has a twelve month low of $13.86 and a twelve month high of $24.75. The company’s 50 day moving average is $17.94 and its two-hundred day moving average is $18.60. The stock has a market cap of $2.37 billion, a P/E ratio of 7.82 and a beta of 1.58.

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

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors 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 yield of 2.19%. Liberty Energy’s dividend payout ratio (DPR) is 17.11%.

About Liberty Energy

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.