Analysts Set Liberty Energy Inc. (NYSE:LBRT) Target Price at $29.08

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.1667.

LBRT has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Liberty Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a research report on Monday, December 29th. Citigroup increased their price target on Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Stifel Nicolaus increased their price target on Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group increased their price target on Liberty Energy from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday.

Insider Activity at Liberty Energy

In other Liberty Energy news, insider R Sean Elliott sold 25,000 shares of Liberty Energy stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.40, for a total transaction of $635,000.00. Following the transaction, the insider owned 343,150 shares of the company’s stock, valued at $8,716,010. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Stock sold 25,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the transaction, the chief financial officer owned 784,819 shares in the company, valued at $19,918,706.22. This represents a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC purchased a new position in Liberty Energy during the first quarter valued at approximately $884,000. Root Financial Partners LLC grew its position in Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Liberty Energy during the first quarter valued at approximately $39,000. Louisiana State Employees Retirement System purchased a new position in Liberty Energy during the first quarter valued at approximately $2,071,000. Finally, Values First Advisors Inc. grew its position in Liberty Energy by 19.2% during the first quarter. Values First Advisors Inc. now owns 13,619 shares of the company’s stock valued at $392,000 after purchasing an additional 2,193 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Performance

Shares of LBRT opened at $32.85 on Friday. The firm’s 50 day moving average is $28.68 and its 200-day moving average is $22.38. The stock has a market capitalization of $5.32 billion, a P/E ratio of 36.10 and a beta of 0.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97. Liberty Energy has a 12-month low of $9.90 and a 12-month high of $33.50.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. Equities research analysts anticipate that Liberty Energy will post -0.38 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.09 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Liberty Energy’s dividend payout ratio (DPR) is 39.56%.

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.