Liberty Energy Inc. (NYSE:LBRT) Receives $26.42 Average Target Price from Analysts

Liberty Energy Inc. (NYSE:LBRT) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $26.4167.

Several equities analysts have commented on LBRT shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a report on Thursday, January 15th. Zacks Research upgraded shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, December 15th. Stifel Nicolaus lifted their price objective on shares of Liberty Energy from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. TD Cowen upped their target price on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Finally, Bank of America raised Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, February 17th.

Insider Buying and Selling at Liberty Energy

In other news, CFO Michael Stock sold 25,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the transaction, the chief financial officer owned 784,819 shares of the company’s stock, valued at approximately $19,918,706.22. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R Sean Elliott sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $25.40, for a total transaction of $635,000.00. Following the completion of the sale, the insider owned 343,150 shares in the company, valued at approximately $8,716,010. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in LBRT. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 97,998 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Liberty Energy by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,802,399 shares of the company’s stock valued at $162,494,000 after acquiring an additional 189,829 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Liberty Energy by 78.5% during the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock valued at $105,826,000 after acquiring an additional 3,771,724 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Liberty Energy by 28.2% during the 3rd quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock valued at $96,368,000 after acquiring an additional 1,716,007 shares in the last quarter. Finally, Millennium Management LLC grew its position in Liberty Energy by 184.7% during the 4th quarter. Millennium Management LLC now owns 3,287,466 shares of the company’s stock worth $60,687,000 after acquiring an additional 2,132,685 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Liberty Energy Stock Performance

LBRT opened at $28.09 on Tuesday. The firm has a market cap of $4.55 billion, a P/E ratio of 31.56 and a beta of 0.48. Liberty Energy has a 52-week low of $9.50 and a 52-week high of $32.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. The business’s fifty day moving average is $27.33 and its 200-day moving average is $20.48.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.10 earnings per share. Liberty Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts expect that Liberty Energy will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.36 annualized dividend and a yield of 1.3%. Liberty Energy’s dividend payout ratio (DPR) is 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.