Liberty Energy Inc. (NYSE:LBRT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Liberty Energy Inc. (NYSE:LBRT) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.05.

Several equities analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Stifel Nicolaus dropped their price objective on shares of Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a report on Saturday, September 27th. Barclays decreased their target price on shares of Liberty Energy from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Liberty Energy from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Liberty Energy by 1,279.1% during the first quarter. GAMMA Investing LLC now owns 17,983 shares of the company’s stock worth $285,000 after buying an additional 16,679 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Liberty Energy in the first quarter worth about $197,000. Yousif Capital Management LLC raised its position in shares of Liberty Energy by 1.5% in the first quarter. Yousif Capital Management LLC now owns 62,536 shares of the company’s stock worth $990,000 after acquiring an additional 914 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of Liberty Energy during the 1st quarter worth about $417,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Liberty Energy during the 1st quarter valued at about $761,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Performance

Shares of LBRT opened at $13.12 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16. The stock has a 50-day moving average of $11.44 and a two-hundred day moving average of $12.02. The stock has a market cap of $2.12 billion, a P/E ratio of 10.09 and a beta of 0.74. Liberty Energy has a one year low of $9.50 and a one year high of $23.58.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. 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 prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, research analysts predict that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.32 dividend on an annualized basis and a yield of 2.4%. Liberty Energy’s payout ratio is presently 24.62%.

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.