Liberty Energy (NYSE:LBRT) Price Target Cut to $23.00 by Analysts at Stifel Nicolaus

Liberty Energy (NYSE:LBRT) had its price target reduced by Stifel Nicolaus from $25.00 to $23.00 in a research report sent to investors on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also commented on LBRT. Morgan Stanley upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $20.00 to $25.00 in a report on Thursday, March 27th. Barclays dropped their price objective on Liberty Energy from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Citigroup lifted their price objective on Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Seaport Res Ptn upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Sunday, January 5th. Finally, The Goldman Sachs Group cut their price objective on Liberty Energy from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average price target of $19.40.

Liberty Energy Stock Up 1.7 %

Shares of NYSE:LBRT opened at $11.39 on Tuesday. Liberty Energy has a 12-month low of $9.50 and a 12-month high of $24.75. 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 stock’s 50-day moving average price is $15.16 and its 200-day moving average price is $17.77. The stock has a market capitalization of $1.84 billion, a P/E ratio of 6.09 and a beta of 1.18.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. On average, equities analysts anticipate that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.81%. Liberty Energy’s payout ratio is currently 17.11%.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the transaction, the chief financial officer now owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LBRT. Blue Trust Inc. grew its position in Liberty Energy by 604.9% in the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock worth $47,000 after purchasing an additional 2,111 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Liberty Energy by 257.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company’s stock worth $47,000 after buying an additional 1,583 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Liberty Energy in the fourth quarter worth $60,000. Smartleaf Asset Management LLC increased its position in Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company’s stock valued at $67,000 after acquiring an additional 2,184 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Liberty Energy in the fourth quarter valued at about $99,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.