Liberty Energy (NYSE:LBRT) Stock Rating Lowered by Atb Cap Markets

Liberty Energy (NYSE:LBRT) was downgraded by analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus decreased their target price on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler decreased their price objective on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Bank of America reduced their target price on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Royal Bank of Canada dropped their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Barclays decreased their target price on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.70.

Liberty Energy Trading Down 3.3 %

Shares of Liberty Energy stock opened at $17.69 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. The business has a fifty day simple moving average of $20.03 and a two-hundred day simple moving average of $21.32. Liberty Energy has a 1 year low of $16.69 and a 1 year high of $24.75. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 6.46, a P/E/G ratio of 1.20 and a beta of 1.68.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts forecast that Liberty Energy will post 2.14 EPS for the current year.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.77, for a total value of $395,400.00. Following the transaction, the chief executive officer now owns 2,638,813 shares in the company, valued at $52,169,333.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total transaction of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares of the company’s stock, valued at approximately $52,169,333.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Stock sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total transaction of $288,450.00. Following the transaction, the chief financial officer now owns 730,207 shares of the company’s stock, valued at $14,041,880.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,000 shares of company stock valued at $1,945,650. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Liberty Energy

A number of hedge funds have recently made changes to their positions in the company. Diversified Trust Co raised its holdings in Liberty Energy by 2.5% in the 1st quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock valued at $427,000 after buying an additional 507 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Liberty Energy by 4.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company’s stock valued at $296,000 after acquiring an additional 543 shares during the period. Perigon Wealth Management LLC raised its stake in shares of Liberty Energy by 2.4% during the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock valued at $514,000 after acquiring an additional 571 shares during the last quarter. Andina Capital Management LLC lifted its holdings in shares of Liberty Energy by 3.9% during the second quarter. Andina Capital Management LLC now owns 18,599 shares of the company’s stock worth $389,000 after purchasing an additional 691 shares during the period. Finally, Creative Planning grew its stake in shares of Liberty Energy by 3.7% in the third quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after purchasing an additional 703 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

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.