Liberty Energy Inc. (NYSE:LBRT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.4167.

LBRT has been the subject of a number of recent research reports. Citigroup increased their target price on Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research report on Monday, December 29th. The Goldman Sachs Group upped their price target on Liberty Energy from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. TD Cowen increased their price objective 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. Finally, Wall Street Zen upgraded shares of Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Liberty Energy Stock Down 0.8%

Shares of Liberty Energy stock opened at $28.82 on Tuesday. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $32.40. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 32.38 and a beta of 0.48. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $26.74 and a 200 day moving average price of $20.06.

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

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 4th. Liberty Energy’s dividend payout ratio (DPR) is presently 40.45%.

Insider Buying and Selling

In other Liberty Energy news, insider R Sean Elliott sold 25,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the transaction, the insider directly owned 343,150 shares of the company’s stock, valued at $8,716,010. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arjun N. Murti bought 9,696 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $25.79 per share, with a total value of $250,059.84. Following the completion of the purchase, the director directly owned 27,568 shares of the company’s stock, valued at approximately $710,978.72. This represents a 54.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Liberty Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock valued at $1,491,000 after purchasing an additional 4,095 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Liberty Energy by 1,992.2% in the 1st quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock valued at $190,000 after purchasing an additional 11,455 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Liberty Energy by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock valued at $13,756,000 after buying an additional 4,955 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Liberty Energy by 22.0% during the 1st quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock valued at $1,289,000 after buying an additional 14,663 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Liberty Energy by 45.2% during the second quarter. PNC Financial Services Group Inc. now owns 6,485 shares of the company’s stock worth $74,000 after buying an additional 2,020 shares in the last quarter. 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. 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.