Brokerages Set Liberty Energy Inc. (NYSE:LBRT) PT at $17.14

Shares of Liberty Energy Inc. (NYSE:LBRT) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.23.

Several analysts recently commented on LBRT shares. Morgan Stanley cut their target price on shares of Liberty Energy from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. JPMorgan Chase & Co. cut their price objective on Liberty Energy from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus reduced their price target on shares of Liberty Energy from $23.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Barclays dropped their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, TD Cowen increased their target price on shares of Liberty Energy from $10.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, April 21st.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in shares of Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,583 shares during the last quarter. Blue Trust Inc. lifted its position in Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after buying an additional 2,111 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Liberty Energy during the fourth quarter worth approximately $60,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Liberty Energy during the first quarter valued at approximately $50,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Liberty Energy by 176.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after purchasing an additional 2,184 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Trading Up 3.4%

LBRT stock opened at $12.33 on Wednesday. The business has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $16.00. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $24.43. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 6.59 and a beta of 0.68.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The firm had revenue of $977.46 million during the quarter, compared to analyst estimates of $960.64 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts expect 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 Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, June 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 21.19%.

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.