Liberty Energy Inc. (NYSE:LBRT) Given Average Rating of “Hold” by Analysts

Liberty Energy Inc. (NYSE:LBRT) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.6364.

LBRT has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating and issued a $34.00 price target on shares of Liberty Energy in a report on Friday, January 30th. TD Cowen raised their target price on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Morgan Stanley boosted their price target on shares of Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Liberty Energy in a report on Thursday, January 15th.

Liberty Energy Stock Up 6.4%

Shares of NYSE:LBRT opened at $25.24 on Monday. The stock’s 50-day moving average is $20.17 and its 200 day moving average is $15.79. The company has a market cap of $4.09 billion, a PE ratio of 28.36 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 0.96. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $27.21.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.21. Liberty Energy had a return on equity of 1.24% and a net margin of 3.69%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $880.59 million. During the same period last year, the company earned $0.10 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. Liberty Energy’s dividend payout ratio is currently 40.45%.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Corp lifted its position in Liberty Energy by 58.2% during the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after buying an additional 596 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Liberty Energy in the 4th quarter worth about $32,000. Kelleher Financial Advisors bought a new position in shares of Liberty Energy in the 3rd quarter worth about $29,000. Wellington Shields Capital Management LLC purchased a new position in Liberty Energy during the 2nd quarter valued at about $29,000. Finally, Advisory Services Network LLC bought a new stake in Liberty Energy during the third quarter worth about $35,000. 98.22% of the stock is owned by hedge funds and other 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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.