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

Shares of Liberty Energy Inc. (NYSE:LBRT) have received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.05.

LBRT has been the topic of several research reports. Piper Sandler dropped their target price on Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley dropped their target price on Liberty Energy from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Cowen reiterated a “hold” rating on shares of Liberty Energy in a research note on Monday, April 21st. TD Cowen upped their price target on Liberty Energy from $10.00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on Liberty Energy from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $10.97 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.91. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $23.58. The stock’s 50-day moving average is $12.13 and its two-hundred day moving average is $13.30. The firm has a market cap of $1.78 billion, a P/E ratio of 8.44 and a beta of 0.67.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts predict that Liberty Energy will post 0.58 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, September 18th. Investors 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 2.9%. Liberty Energy’s dividend payout ratio is presently 24.62%.

Institutional Trading of Liberty Energy

Hedge funds have recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC acquired a new position in Liberty Energy in the 2nd quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its holdings in Liberty Energy by 213.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock valued at $42,000 after acquiring an additional 2,457 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Liberty Energy in the 2nd quarter valued at approximately $48,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Liberty Energy in the 1st quarter valued at approximately $50,000. Finally, GAMMA Investing LLC raised its holdings in Liberty Energy by 281.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after acquiring an additional 3,193 shares in the last quarter. 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.