Liberty Energy Inc. (NYSE:LBRT) Receives Average Rating of “Moderate Buy” from Analysts

Liberty Energy Inc. (NYSE:LBRT) has been given an average rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.55.

LBRT has been the topic of several research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $11.00 price target (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Cowen reiterated a “hold” rating on shares of Liberty Energy in a research report on Monday, April 21st. Barclays reduced their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Citigroup reduced their price objective on shares of Liberty Energy from $16.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Finally, TD Cowen upped their price objective on shares of Liberty Energy from $10.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, April 21st.

Liberty Energy Stock Up 0.2%

LBRT stock opened at $12.24 on Friday. The company’s 50 day simple moving average is $12.80 and its 200-day simple moving average is $16.61. The firm has a market capitalization of $1.98 billion, a PE ratio of 6.54 and a beta of 0.71. Liberty Energy has a 12 month low of $9.50 and a 12 month high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.27 and a quick ratio of 0.97.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. During the same period in the prior year, the business earned $0.48 earnings per share. Equities analysts expect that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy’s dividend payout ratio is currently 21.19%.

Hedge Funds Weigh In On Liberty Energy

Large investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC purchased a new position in Liberty Energy during the fourth quarter worth approximately $498,000. Principal Financial Group Inc. raised its stake in Liberty Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company’s stock worth $17,842,000 after purchasing an additional 24,825 shares during the period. Raymond James Financial Inc. purchased a new position in Liberty Energy during the fourth quarter worth approximately $6,792,000. Barclays PLC raised its stake in Liberty Energy by 197.9% during the third quarter. Barclays PLC now owns 286,661 shares of the company’s stock worth $5,471,000 after purchasing an additional 190,445 shares during the period. Finally, Miller Howard Investments Inc. NY raised its stake in Liberty Energy by 315.8% during the fourth quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company’s stock worth $2,649,000 after purchasing an additional 101,144 shares during the period. 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.