Liberty Energy (NYSE:LBRT) Price Target Lowered to $19.00 at Stifel Nicolaus

Liberty Energy (NYSE:LBRT) had its price objective decreased by Stifel Nicolaus from $20.00 to $19.00 in a report issued on Monday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. Barclays reduced their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of Liberty Energy from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their price objective on shares of Liberty Energy from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Piper Sandler started coverage on shares of Liberty Energy in a research report on Tuesday, July 15th. They set a “neutral” rating and a $14.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Liberty Energy from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.35.

Liberty Energy Stock Performance

LBRT stock opened at $13.06 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.16. The stock has a market cap of $2.12 billion, a P/E ratio of 10.05 and a beta of 0.66. The firm has a 50 day simple moving average of $12.22 and a 200 day simple moving average of $14.29. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $24.43.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. Liberty Energy’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Research analysts anticipate that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.32 annualized dividend and a yield of 2.45%. Liberty Energy’s dividend payout ratio is 24.62%.

Institutional Trading of Liberty Energy

Large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after buying an additional 1,583 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Liberty Energy during the 1st quarter worth about $50,000. GAMMA Investing LLC lifted its position in Liberty Energy by 281.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock worth $50,000 after buying an additional 3,193 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Liberty Energy by 45.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company’s stock worth $71,000 after buying an additional 1,392 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Liberty Energy during the 4th quarter worth about $120,000. 98.22% of the stock is owned by institutional investors.

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.