Liberty Energy (NYSE:LBRT) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Liberty Energy (NYSE:LBRT) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities analysts also recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $26.00 price target on shares of Liberty Energy in a research report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research report on Monday, December 29th. Zacks Research raised shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Barclays lifted their price target on shares of Liberty Energy from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Stifel Nicolaus boosted their price target on shares of Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.64.

Liberty Energy Stock Up 6.4%

Shares of LBRT stock opened at $25.24 on Friday. The firm has a fifty day moving average of $20.17 and a 200-day moving average of $15.77. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. Liberty Energy has a 12-month low of $9.50 and a 12-month high of $27.21. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.36 and a beta of 0.49.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.21. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts predict that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 annualized dividend and a yield of 1.4%. Liberty Energy’s dividend payout ratio (DPR) is 40.45%.

Hedge Funds Weigh In On Liberty Energy

A number of large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Liberty Energy by 186.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,753 shares of the company’s stock valued at $180,000 after purchasing an additional 6,354 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Liberty Energy during the fourth quarter worth $842,000. Covestor Ltd lifted its holdings in shares of Liberty Energy by 23.4% during the fourth quarter. Covestor Ltd now owns 7,847 shares of the company’s stock worth $145,000 after buying an additional 1,489 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Liberty Energy by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 30,781 shares of the company’s stock valued at $568,000 after acquiring an additional 940 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Liberty Energy by 41.3% in the fourth quarter. HighTower Advisors LLC now owns 25,495 shares of the company’s stock valued at $471,000 after acquiring an additional 7,454 shares in 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.