Liberty Energy (NYSE:LBRT – Free Report) had its price target boosted by Bank of America from $20.00 to $23.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.
Several other equities analysts have also issued reports on LBRT. Morgan Stanley boosted their target price on Liberty Energy from $23.00 to $24.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Piper Sandler boosted their price objective on shares of Liberty Energy from $27.00 to $28.00 and gave the company an overweight rating in a report on Friday, January 26th. Finally, Wells Fargo & Company cut their target price on shares of Liberty Energy from $25.00 to $24.00 and set an overweight rating on the stock in a report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $23.67.
Liberty Energy Trading Down 1.5 %
LBRT opened at $22.12 on Monday. The firm has a 50 day simple moving average of $21.00 and a 200 day simple moving average of $19.59. Liberty Energy has a fifty-two week low of $11.62 and a fifty-two week high of $23.23. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 1.09 and a beta of 1.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.17.
Liberty Energy (NYSE:LBRT – Get Free Report) last issued its earnings results on Wednesday, January 24th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Liberty Energy had a net margin of 11.72% and a return on equity of 32.28%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The business’s revenue was down 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that Liberty Energy will post 2.64 earnings per share for the current year.
Liberty Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.28 annualized dividend and a yield of 1.27%. Liberty Energy’s dividend payout ratio is currently 8.86%.
Insiders Place Their Bets
In other news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $22.66, for a total value of $453,200.00. Following the sale, the chief executive officer now directly owns 2,858,814 shares in the company, valued at $64,780,725.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.66, for a total transaction of $453,200.00. Following the completion of the transaction, the chief executive officer now owns 2,858,814 shares of the company’s stock, valued at approximately $64,780,725.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William F. Kimble sold 12,459 shares of Liberty Energy stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the completion of the sale, the director now owns 69,963 shares in the company, valued at $1,507,702.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,459 shares of company stock worth $2,077,491. Corporate insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On Liberty Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new stake in shares of Liberty Energy in the fourth quarter valued at about $27,000. Principal Securities Inc. bought a new stake in shares of Liberty Energy during the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC boosted its holdings in shares of Liberty Energy by 70.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after buying an additional 1,206 shares during the last quarter. Quarry LP grew its stake in shares of Liberty Energy by 111.0% in the second quarter. Quarry LP now owns 3,965 shares of the company’s stock valued at $53,000 after buying an additional 2,086 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Liberty Energy by 8,240.8% during the second quarter. Farther Finance Advisors LLC now owns 4,087 shares of the company’s stock worth $55,000 after buying an additional 4,038 shares during the last quarter. 98.22% of the stock is owned by institutional investors.
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.
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Source: defenseworld.net
