GeoSphere Capital Management LLC Invests $2.49 Million in Liberty Energy Inc. (NYSE:LBRT)

GeoSphere Capital Management LLC purchased a new position in shares of Liberty Energy Inc. (NYSE:LBRT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 125,000 shares of the company’s stock, valued at approximately $2,486,000. Liberty Energy comprises about 1.2% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 15th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of Liberty Energy by 59.9% during the fourth quarter. Gotham Asset Management LLC now owns 25,517 shares of the company’s stock worth $508,000 after buying an additional 9,563 shares in the last quarter. Focus Partners Wealth increased its position in Liberty Energy by 56.2% during the fourth quarter. Focus Partners Wealth now owns 86,507 shares of the company’s stock worth $1,721,000 after acquiring an additional 31,128 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Liberty Energy by 11.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 90,416 shares of the company’s stock worth $1,798,000 after purchasing an additional 9,223 shares in the last quarter. Corigliano Investment Advisers LLC bought a new stake in Liberty Energy in the 4th quarter valued at about $5,358,000. Finally, Cresset Asset Management LLC grew its position in shares of Liberty Energy by 8.3% during the 4th quarter. Cresset Asset Management LLC now owns 107,400 shares of the company’s stock worth $2,136,000 after purchasing an additional 8,214 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LBRT. TD Cowen lifted their price target on shares of Liberty Energy from $10.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, April 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.00 price objective (down from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. Cowen restated a “hold” rating on shares of Liberty Energy in a research report on Monday, April 21st. The Goldman Sachs Group cut their price objective on shares of Liberty Energy from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Finally, Morgan Stanley raised shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $20.00 to $25.00 in a report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.05.

Liberty Energy Stock Up 1.4 %

LBRT stock opened at $12.08 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 6.46 and a beta of 0.71. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $13.05 and a 200-day moving average price of $16.79. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm 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 quarter last year, the business posted $0.48 earnings per share. As a group, equities research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.08 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.65%. Liberty Energy’s payout ratio is presently 21.19%.

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.