Liberty Energy Inc. (NYSE:LBRT) Receives $24.64 Consensus Price Target from Analysts

Shares of Liberty Energy Inc. (NYSE:LBRT) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.6364.

Several brokerages recently commented on LBRT. Zacks Research raised shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Wall Street Zen upgraded Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group reiterated a “buy” rating and set a $34.00 price target on shares of Liberty Energy in a research report on Friday, January 30th. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $21.00 in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Liberty Energy in a report on Monday, December 29th.

Insiders Place Their Bets

In related news, insider R Sean Elliott sold 25,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the insider owned 343,150 shares of the company’s stock, valued at approximately $8,716,010. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Stock sold 25,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.38, for a total transaction of $634,500.00. Following the transaction, the chief financial officer directly owned 784,819 shares in the company, valued at approximately $19,918,706.22. The trade was a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in Liberty Energy by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock valued at $417,000 after acquiring an additional 500 shares in the last quarter. First Horizon Corp grew its position in shares of Liberty Energy by 58.2% in the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after purchasing an additional 596 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Liberty Energy by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,085 shares of the company’s stock valued at $685,000 after purchasing an additional 600 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Liberty Energy by 39.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,140 shares of the company’s stock worth $40,000 after buying an additional 610 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Liberty Energy by 1.2% in the 4th quarter. Cerity Partners LLC now owns 63,776 shares of the company’s stock worth $1,177,000 after acquiring an additional 782 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Trading Up 4.5%

NYSE LBRT opened at $25.90 on Monday. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $27.21. The company has a 50 day moving average price of $20.75 and a 200 day moving average price of $16.17. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.20 billion, a PE ratio of 29.10 and a beta of 0.49.

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

Liberty Energy Announces Dividend

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

Liberty Energy Company Profile

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.