Analysts Set Liberty Energy Inc. (NYSE:LBRT) Price Target at $31.09

Liberty Energy Inc. (NYSE:LBRT) has earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $30.3636.

A number of equities analysts have weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research note on Friday, June 26th. Zacks Research downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Stifel Nicolaus cut their target price on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Piper Sandler decreased their target price on Liberty Energy from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, The Goldman Sachs Group set a $23.00 target price on Liberty Energy in a report on Friday.

Insider Activity

In related news, CFO Michael Stock sold 3,333 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $17.95, for a total value of $59,827.35. Following the sale, the chief financial officer directly owned 770,378 shares of the company’s stock, valued at $13,828,285.10. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arjun N. Murti bought 14,053 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was bought at an average price of $17.79 per share, for a total transaction of $250,002.87. Following the purchase, the director owned 41,621 shares in the company, valued at approximately $740,437.59. This represents a 50.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 49,995 shares of company stock valued at $1,484,318 over the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LBRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Liberty Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock valued at $1,491,000 after acquiring an additional 4,095 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Liberty Energy by 1,992.2% in the first quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock worth $190,000 after purchasing an additional 11,455 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Liberty Energy by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock worth $13,756,000 after purchasing an additional 4,955 shares during the period. Intech Investment Management LLC increased its stake in Liberty Energy by 22.0% during the first quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock valued at $1,289,000 after purchasing an additional 14,663 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Liberty Energy during the second quarter valued at $119,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Up 0.0%

LBRT opened at $19.94 on Monday. Liberty Energy has a 12 month low of $9.90 and a 12 month high of $34.48. The business has a 50-day moving average of $24.62 and a two-hundred day moving average of $27.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 4.22 and a beta of 0.60.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $0.12 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts expect that Liberty Energy will post 0.23 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is presently 48.65%.

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.