Liberty Energy Inc. (NYSE:LBRT – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.41.
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A number of research analysts have recently commented on the company. Piper Sandler upped their target price on Liberty Energy from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Morgan Stanley dropped their price objective on Liberty Energy from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 4th. Finally, Citigroup dropped their price objective on Liberty Energy from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, January 27th.
Liberty Energy Trading Up 3.7 %
LBRT opened at $15.82 on Thursday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.78 and a beta of 2.16. The stock’s 50 day moving average price is $15.48 and its 200-day moving average price is $15.34. Liberty Energy has a one year low of $10.71 and a one year high of $20.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.14 and a current ratio of 1.47.
Liberty Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $0.20 annualized dividend and a yield of 1.26%. Liberty Energy’s dividend payout ratio (DPR) is presently 9.43%.
Institutional Trading of Liberty Energy
Several hedge funds and other institutional investors have recently bought and sold shares of LBRT. Lindbrook Capital LLC lifted its holdings in shares of Liberty Energy by 1,912.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,590 shares of the company’s stock valued at $25,000 after purchasing an additional 1,511 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Liberty Energy during the 4th quarter valued at $26,000. Ellevest Inc. purchased a new position in Liberty Energy in the 4th quarter worth $36,000. SeaCrest Wealth Management LLC purchased a new position in Liberty Energy in the 2nd quarter worth $38,000. Finally, Belpointe Asset Management LLC purchased a new position in Liberty Energy in the 4th quarter worth $42,000. Institutional investors own 85.26% of the company’s stock.
About Liberty Energy
Liberty Energy, Inc engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company was founded on December 21, 2016 and is headquartered in Denver, CO.
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Source: marketbeat.com
