Liberty Energy Inc. (NYSE:LBRT) Receives $30.00 Consensus PT from Brokerages

Liberty Energy Inc. (NYSE:LBRT) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat 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 1 year target price among brokerages that have covered the stock in the last year is $30.00.

Several equities research analysts have recently issued reports on LBRT shares. UBS Group restated a “buy” rating on shares of Liberty Energy in a report on Friday, June 26th. Stifel Nicolaus reduced their target price on Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a report on Wednesday, July 29th. Morgan Stanley set a $32.00 price objective on shares of Liberty Energy in a report on Friday, July 24th. Finally, Barclays boosted their target price on shares of Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, May 8th.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $20.05 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99. The business’s fifty day moving average price is $21.76 and its two-hundred day moving average price is $26.75. The stock has a market cap of $3.27 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.88 and a beta of 0.61. Liberty Energy has a one year low of $9.90 and a one year high of $34.48.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $1.19 billion for 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 business’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. On average, analysts forecast that Liberty Energy will post 0.33 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 1.8%. Liberty Energy’s dividend payout ratio (DPR) is 48.65%.

Insider Activity at Liberty Energy

In other news, CFO Michael Stock sold 9,999 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $25.89, for a total transaction of $258,874.11. Following the transaction, the chief financial officer directly owned 773,711 shares of the company’s stock, valued at approximately $20,031,377.79. The trade was a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arjun N. Murti acquired 14,053 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was purchased at an average cost of $17.79 per share, with a total value of $250,002.87. Following the completion of the transaction, the director owned 41,621 shares in the company, valued at $740,437.59. The trade was a 50.98% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 19,998 shares of company stock worth $450,955 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Energy

Several large investors have recently modified their holdings of LBRT. Vanguard Group Inc. lifted its stake in Liberty Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock worth $334,060,000 after purchasing an additional 97,998 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Energy by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock worth $265,931,000 after buying an additional 431,269 shares during the period. Franklin Resources Inc. increased its position in Liberty Energy by 78.5% in the third quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock worth $105,826,000 after buying an additional 3,771,724 shares during the period. California State Teachers Retirement System lifted its stake in Liberty Energy by 2,521.1% in the second quarter. California State Teachers Retirement System now owns 4,916,989 shares of the company’s stock valued at $128,776,000 after buying an additional 4,729,397 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Liberty Energy by 901.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock worth $127,616,000 after acquiring an additional 3,988,535 shares during the last quarter. 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.