Liberty Energy Inc. (NYSE:LBRT) Receives $32.18 Consensus Target Price from Analysts

Liberty Energy Inc. (NYSE:LBRT) has received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.1818.

Several equities research analysts recently commented on LBRT shares. Barclays increased their price target on Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup raised their target price on Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Piper Sandler raised their target price on Liberty Energy from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Liberty Energy in a research note on Friday, April 24th. Finally, UBS Group reissued a “buy” rating on shares of Liberty Energy in a research note on Tuesday, May 26th.

Insider Buying and Selling at Liberty Energy

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total transaction of $249,312.00. Following the completion of the sale, the chairman owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 3,333 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total value of $103,323.00. Following the sale, the chief financial officer directly owned 783,710 shares of the company’s stock, valued at approximately $24,295,010. This trade represents a 0.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 44,013 shares of company stock valued at $1,414,929. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased 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 acquiring an additional 97,998 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Energy by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock valued at $265,931,000 after buying an additional 431,269 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Liberty Energy by 78.5% in the third quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock valued at $105,826,000 after buying an additional 3,771,724 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Liberty Energy by 28.2% in the third quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock valued at $96,368,000 after buying an additional 1,716,007 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Liberty Energy by 901.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock valued at $127,616,000 after buying an additional 3,988,535 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Price Performance

NYSE:LBRT opened at $27.34 on Friday. Liberty Energy has a one year low of $9.90 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21. The stock has a market cap of $4.46 billion, a PE ratio of 30.04, a P/E/G ratio of 2.40 and a beta of 0.51. The stock has a 50 day moving average price of $30.42 and a 200 day moving average price of $25.99.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. During the same quarter last year, the firm earned $0.04 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts expect that Liberty Energy will post 0.25 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.36 annualized dividend and a yield of 1.3%. Liberty Energy’s dividend payout ratio (DPR) is 39.56%.

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.