Liberty Energy (NYSE:LBRT) Price Target Raised to $27.00 at Barclays

Liberty Energy (NYSE:LBRT) had its price target boosted by investment analysts at Barclays from $25.00 to $27.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 20.64% from the company’s current price.

LBRT has been the subject of several other reports. Bank of America lifted their price objective on Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. TD Cowen lifted their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley lifted their price objective 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. Wells Fargo & Company boosted their target price on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Piper Sandler boosted their target price on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus price target of $24.30.

Liberty Energy Stock Up 1.3 %

Shares of NYSE:LBRT opened at $22.38 on Friday. The business has a fifty day simple moving average of $21.20 and a 200 day simple moving average of $19.68. Liberty Energy has a 12-month low of $11.62 and a 12-month high of $23.31. The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.73 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.08 and a beta of 1.85.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue was down 12.8% on a year-over-year basis. Analysts predict that Liberty Energy will post 2.61 earnings per share for the current year.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated 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 in the company, valued at approximately $64,780,725.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated 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 in the company, valued at approximately $64,780,725.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Kimble sold 12,459 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $21.55, for a total value of $268,491.45. Following the completion of the transaction, the director now owns 69,963 shares in the company, valued at approximately $1,507,702.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,459 shares of company stock worth $2,077,491. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Liberty Energy by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 20,546,529 shares of the company’s stock worth $380,522,000 after buying an additional 893,563 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Liberty Energy by 10.3% in the 2nd quarter. BlackRock Inc. now owns 14,720,744 shares of the company’s stock worth $196,816,000 after buying an additional 1,376,187 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Liberty Energy by 5.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,553,932 shares of the company’s stock worth $172,948,000 after buying an additional 734,764 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Energy by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,443,849 shares of the company’s stock worth $171,314,000 after buying an additional 404,211 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Liberty Energy by 181.5% in the first quarter. Macquarie Group Ltd. now owns 8,085,410 shares of the company’s stock valued at $103,574,000 after purchasing an additional 5,213,132 shares during the last quarter. Hedge funds and other institutional investors 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.