Liberty Energy Inc. (NYSE:LBRT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $32.1818.

Several equities research analysts have recently commented on LBRT shares. UBS Group restated a “buy” rating on shares of Liberty Energy in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Energy in a report on Friday, May 1st. Citigroup increased their price target on Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Piper Sandler increased their price target on Liberty Energy from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $31.00 price target on shares of Liberty Energy in a research note on Wednesday, June 3rd.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 3,333 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total value of $103,323.00. Following the completion of the sale, the chief financial officer owned 783,710 shares in the company, valued at approximately $24,295,010. This represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman William F. Kimble sold 7,350 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total value of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares of the company’s stock, valued at $3,046,185.60. The trade was a 7.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,013 shares of company stock valued at $1,414,929 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Energy

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC increased its stake in Liberty Energy by 79.6% in the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after buying an additional 405 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Liberty Energy in the first quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Liberty Energy in the first quarter worth about $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Liberty Energy in the fourth quarter worth about $29,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Liberty Energy in the third quarter worth about $29,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Up 2.8%

NYSE:LBRT opened at $28.81 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.47 and a beta of 0.51. Liberty Energy has a one year low of $9.90 and a one year high of $34.48. The business has a fifty day moving average price of $30.44 and a 200-day moving average price of $25.79.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.19. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.Liberty Energy’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. Sell-side analysts forecast that Liberty Energy will post 0.25 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Liberty Energy’s dividend payout ratio is presently 39.56%.

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.