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

Shares of Liberty Energy Inc. (NYSE:LBRT) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.3636.

Several research firms have issued reports on LBRT. Morgan Stanley set a $32.00 target price on shares of Liberty Energy in a research note on Friday, July 24th. Piper Sandler lowered their price objective on shares of Liberty Energy from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Liberty Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Royal Bank Of Canada lowered their price target on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Finally, The Goldman Sachs Group set a $23.00 price target on Liberty Energy in a research note on Friday.

Insider Buying and Selling

In other news, CFO Michael Stock sold 3,333 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 770,378 shares in the company, valued at approximately $13,828,285.10. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arjun N. Murti purchased 14,053 shares of Liberty Energy stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average price of $17.79 per share, for a total transaction of $250,002.87. Following the transaction, the director directly owned 41,621 shares of the company’s stock, valued at $740,437.59. This trade represents a 50.98% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 49,995 shares of company stock valued at $1,484,318 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LBRT. Vanguard Group Inc. boosted its stake in shares of Liberty Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock valued at $334,060,000 after purchasing an additional 97,998 shares in the last quarter. Round Rock Advisors LLC raised its stake in Liberty Energy by 65.3% in the fourth quarter. Round Rock Advisors LLC now owns 104,213 shares of the company’s stock worth $1,956,000 after buying an additional 41,163 shares in the last quarter. Strs Ohio raised its stake in Liberty Energy by 122.4% in the fourth quarter. Strs Ohio now owns 168,800 shares of the company’s stock worth $3,116,000 after buying an additional 92,900 shares in the last quarter. UBS Group AG lifted its holdings in Liberty Energy by 20.3% during the fourth quarter. UBS Group AG now owns 790,706 shares of the company’s stock worth $14,596,000 after buying an additional 133,167 shares during the period. Finally, Pekin Hardy Strauss Inc. bought a new stake in Liberty Energy during the 4th quarter valued at $629,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Performance

NYSE:LBRT opened at $19.94 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99. Liberty Energy has a 52-week low of $9.90 and a 52-week high of $34.48. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 4.24 and a beta of 0.60. The business’s fifty day moving average is $24.62 and its 200 day moving average is $27.08.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. Research analysts predict that Liberty Energy will post 0.23 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently disclosed 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 dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 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.