Liberty Energy Inc. (NYSE:LBRT) Receives $24.64 Average Price Target from Analysts

Liberty Energy Inc. (NYSE:LBRT) has received an average rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.6364.

A number of brokerages recently weighed in on LBRT. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Barclays upped their price objective on shares of Liberty Energy from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a report on Wednesday, December 10th. UBS Group restated a “buy” rating and set a $34.00 price target on shares of Liberty Energy in a report on Friday, January 30th. Finally, TD Cowen raised their target price on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, January 30th.

Insider Activity

In related news, insider R Sean Elliott sold 25,000 shares of Liberty Energy stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the insider directly owned 343,150 shares in the company, valued at approximately $8,716,010. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Stock sold 25,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $25.38, for a total transaction of $634,500.00. Following the completion of the transaction, the chief financial officer owned 784,819 shares in the company, valued at $19,918,706.22. This trade represents a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LBRT. Empowered Funds LLC increased its stake in Liberty Energy by 39.9% in the fourth quarter. Empowered Funds LLC now owns 916,637 shares of the company’s stock worth $16,921,000 after purchasing an additional 261,436 shares during the period. Deutsche Bank AG lifted its stake in shares of Liberty Energy by 196.6% during the 4th quarter. Deutsche Bank AG now owns 472,576 shares of the company’s stock worth $8,724,000 after purchasing an additional 313,226 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Liberty Energy in the 4th quarter valued at about $1,418,000. Cerity Partners LLC grew its holdings in Liberty Energy by 1.2% in the fourth quarter. Cerity Partners LLC now owns 63,776 shares of the company’s stock worth $1,177,000 after purchasing an additional 782 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Liberty Energy by 59.1% in the fourth quarter. LPL Financial LLC now owns 174,270 shares of the company’s stock worth $3,217,000 after acquiring an additional 64,759 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Stock Performance

NYSE:LBRT opened at $24.59 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $27.21. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 27.63 and a beta of 0.49. The stock has a fifty day moving average price of $20.52 and a 200-day moving average price of $16.02.

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

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. Liberty Energy’s dividend payout ratio is presently 40.45%.

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. 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.