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

Liberty Energy Inc. (NYSE:LBRT) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.30.

Several equities analysts recently commented on LBRT shares. Piper Sandler upped their price target on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Bank of America upped their price target on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price target on shares of Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada upped their price target on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, TD Cowen increased their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, April 19th.

Liberty Energy Price Performance

Shares of LBRT opened at $23.09 on Tuesday. The firm has a market capitalization of $3.85 billion, a PE ratio of 8.43, a PEG ratio of 1.16 and a beta of 1.85. The company’s 50-day moving average is $21.50 and its 200-day moving average is $19.93. Liberty Energy has a fifty-two week low of $11.62 and a fifty-two week high of $23.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a net margin of 10.43% and a return on equity of 26.46%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s revenue was down 12.8% on a year-over-year basis. Equities analysts forecast that Liberty Energy will post 2.53 EPS for the current year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. Liberty Energy’s payout ratio is currently 10.22%.

Insider Activity

In other news, Director William F. Kimble sold 12,459 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total value of $268,491.45. Following the sale, the director now directly owns 69,963 shares in the company, valued at approximately $1,507,702.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Michael Stock sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $20.87, for a total value of $417,400.00. Following the sale, the chief financial officer now directly owns 806,056 shares in the company, valued at approximately $16,822,388.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William F. Kimble sold 12,459 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $21.55, for a total transaction of $268,491.45. Following the completion of the sale, the director now owns 69,963 shares in the company, valued at $1,507,702.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,459 shares of company stock worth $1,544,491. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LBRT. CWM LLC raised its holdings in Liberty Energy by 59.7% in the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after buying an additional 1,183 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in Liberty Energy in the 3rd quarter valued at approximately $1,058,000. Dakota Wealth Management bought a new position in Liberty Energy in the 3rd quarter valued at approximately $223,000. Raymond James & Associates raised its holdings in Liberty Energy by 3.1% in the 3rd quarter. Raymond James & Associates now owns 65,178 shares of the company’s stock valued at $1,207,000 after buying an additional 1,943 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Liberty Energy by 53.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,244,480 shares of the company’s stock valued at $41,568,000 after buying an additional 778,111 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.