Liberty Energy (NYSE:LBRT) Price Target Raised to $25.00

Liberty Energy (NYSE:LBRT) had its price objective boosted by Stifel Nicolaus from $23.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

LBRT has been the subject of a number of other research reports. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays cut their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Liberty Energy Price Performance

Shares of NYSE LBRT opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.97. The business has a 50-day moving average of $19.83 and a 200-day moving average of $19.74. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 9.79 and a beta of 1.66. Liberty Energy has a fifty-two week low of $16.57 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.37%. As a group, sell-side analysts predict that Liberty Energy will post 0.9 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.75%. Liberty Energy’s payout ratio is presently 17.11%.

Insider Activity at Liberty Energy

In other news, CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the completion of the sale, the chief financial officer now directly owns 675,207 shares in the company, valued at approximately $15,529,761. This represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher A. Wright sold 12,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.44, for a total transaction of $209,280.00. Following the sale, the chief executive officer now owns 2,606,813 shares in the company, valued at $45,462,818.72. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,973 shares of company stock worth $1,500,285. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after acquiring an additional 838 shares during the last quarter. Quarry LP lifted its position in Liberty Energy by 237.5% in the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after acquiring an additional 1,401 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Liberty Energy by 604.9% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after buying an additional 2,111 shares during the last quarter. Spire Wealth Management bought a new stake in Liberty Energy in the 4th quarter worth about $60,000. Finally, GAMMA Investing LLC increased its position in shares of Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after purchasing an additional 1,431 shares during the last quarter. 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.