Wall Street Zen Upgrades Liberty Energy (NYSE:LBRT) to Hold

Liberty Energy (NYSE:LBRT) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

LBRT has been the topic of a number of other reports. UBS Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Liberty Energy in a research report on Friday, January 30th. JPMorgan Chase & Co. raised Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a research note on Wednesday, December 10th. Zacks Research raised shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. TD Cowen upped their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Liberty Energy in a research note on Thursday, January 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Energy currently has an average rating of “Hold” and a consensus price target of $24.64.

Liberty Energy Trading Up 6.4%

Shares of LBRT stock opened at $25.24 on Friday. The business has a 50-day moving average of $20.17 and a 200 day moving average of $15.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 0.96. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $27.21. The stock has a market capitalization of $4.09 billion, a PE ratio of 28.36 and a beta of 0.49.

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

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Corp lifted its holdings in shares of Liberty Energy by 58.2% during 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 during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Liberty Energy in the 4th quarter worth approximately $32,000. Kelleher Financial Advisors bought a new position in Liberty Energy during the 3rd quarter valued at approximately $29,000. Wellington Shields Capital Management LLC bought a new position in Liberty Energy during the 2nd quarter valued at approximately $29,000. Finally, Advisory Services Network LLC purchased a new position in Liberty Energy during the third quarter valued at $35,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.