Investment Analysts’ Weekly Ratings Updates for Liberty Energy (LBRT)

Several brokerages have updated their recommendations and price targets on shares of Liberty Energy (NYSE: LBRT) in the last few weeks:

• 4/22/2024 – Liberty Energy had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $24.00 price target on the stock.
• 4/19/2024 – Liberty Energy had its price target raised by analysts at Barclays PLC from $25.00 to $27.00. They now have an “overweight” rating on the stock.
• 4/19/2024 – Liberty Energy had its price target raised by analysts at Wells Fargo & Company from $24.00 to $26.00. They now have an “overweight” rating on the stock.
• 4/19/2024 – Liberty Energy had its price target raised by analysts at Royal Bank of Canada from $25.00 to $27.00. They now have an “outperform” rating on the stock.
• 4/19/2024 – Liberty Energy had its price target raised by analysts at TD Cowen from $19.00 to $21.00. They now have a “hold” rating on the stock.
• 4/15/2024 – Liberty Energy had its price target raised by analysts at Bank of America Co. from $20.00 to $23.00. They now have a “neutral” rating on the stock.

Liberty Energy Stock Performance

NYSE LBRT opened at $22.76 on Thursday. The company has a market capitalization of $3.79 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. Liberty Energy Inc. has a 52-week low of $11.62 and a 52-week high of $23.31. The company has a 50-day simple moving average of $21.32 and a 200 day simple moving average of $19.79.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. On average, research analysts predict that Liberty Energy Inc. will post 2.55 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.23%. Liberty Energy’s payout ratio is presently 10.22%.

Insider Activity

In related news, CAO Ryan T. Gosney sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $20.50, for a total value of $123,000.00. Following the sale, the chief accounting officer now directly owns 140,706 shares in the company, valued at approximately $2,884,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Ryan T. Gosney sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $20.50, for a total value of $123,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,706 shares in the company, valued at $2,884,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $22.66, for a total transaction of $453,200.00. Following the completion of the sale, the chief executive officer now owns 2,858,814 shares in the company, valued at $64,780,725.24. The disclosure for this sale can be found here. Insiders have sold 98,459 shares of company stock valued at $2,077,491 in the last 90 days. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBRT. U S Global Investors Inc. bought a new stake in shares of Liberty Energy during the 1st quarter valued at about $155,000. Edge Financial Advisors LLC bought a new stake in Liberty Energy during the first quarter valued at approximately $253,000. AlphaMark Advisors LLC purchased a new position in Liberty Energy in the 1st quarter worth approximately $348,000. Diversified Trust Co increased its holdings in shares of Liberty Energy by 2.5% in the 1st quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock worth $427,000 after buying an additional 507 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its position in shares of Liberty Energy by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 1,338,400 shares of the company’s stock valued at $27,732,000 after buying an additional 165,400 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

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.