Liberty Energy (NYSE:LBRT) Earns “Equal Weight” Rating from Barclays

Liberty Energy (NYSE:LBRT)‘s stock had its “equal weight” rating reaffirmed by Barclays in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $12.00 price target on the stock, down from their prior price target of $14.00. Barclays‘s price objective indicates a potential downside of 1.98% from the stock’s current price.

A number of other equities analysts have also commented on the company. Stifel Nicolaus reduced their price objective on Liberty Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research note on Wednesday, October 8th. Wall Street Zen raised Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler reduced their price objective on Liberty Energy from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Liberty Energy presently has a consensus rating of “Moderate Buy” and an average price target of $14.85.

Liberty Energy Price Performance

Liberty Energy stock opened at $12.24 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. The company has a market capitalization of $1.98 billion, a PE ratio of 9.42 and a beta of 0.74. Liberty Energy has a one year low of $9.50 and a one year high of $23.58. The business has a 50 day simple moving average of $11.49 and a 200 day simple moving average of $11.91.

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

Institutional Investors Weigh In On Liberty Energy

A number of institutional investors and hedge funds have recently made changes to their positions in LBRT. Wellington Shields Capital Management LLC bought a new stake in shares of Liberty Energy during the 2nd quarter valued at $29,000. Smartleaf Asset Management LLC raised its position in shares of Liberty Energy by 213.7% during 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 during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Liberty Energy during the second quarter worth $48,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Liberty Energy during the first quarter worth $50,000. Finally, GAMMA Investing LLC grew its stake in shares of Liberty Energy by 281.1% during the second quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock worth $50,000 after purchasing an additional 3,193 shares during the period. 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.