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

Shares of Liberty Energy Inc. (NYSE:LBRT) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $24.6364.

LBRT has been the subject of several recent analyst reports. Wall Street Zen raised Liberty Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Sandler upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $32.00 in a research note on Monday, February 2nd. TD Cowen raised their price target on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Zacks Research upgraded shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Finally, UBS Group reiterated a “buy” rating and set a $34.00 target price on shares of Liberty Energy in a research note on Friday, January 30th.

Liberty Energy Stock Performance

Liberty Energy stock opened at $25.24 on Monday. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $27.21. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4.09 billion, a P/E ratio of 28.36 and a beta of 0.49. The stock’s 50 day moving average is $20.17 and its 200 day moving average is $15.79.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.21. Liberty Energy had a return on equity of 1.24% and a net margin of 3.69%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $880.59 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. Liberty Energy’s dividend payout ratio (DPR) is 40.45%.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds have recently bought and sold shares of the business. Alpha Wealth Funds LLC bought a new position in Liberty Energy in the second quarter valued at about $202,000. American Century Companies Inc. increased its position in shares of Liberty Energy by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 6,093,383 shares of the company’s stock valued at $69,952,000 after purchasing an additional 584,774 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Liberty Energy by 112.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 38,055 shares of the company’s stock valued at $437,000 after purchasing an additional 20,158 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Liberty Energy in the 3rd quarter worth approximately $838,000. Finally, Peregrine Capital Management LLC boosted its holdings in shares of Liberty Energy by 33.9% in the second quarter. Peregrine Capital Management LLC now owns 317,895 shares of the company’s stock worth $3,649,000 after buying an additional 80,403 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.