Liberty Energy (NYSE:LBRT) Price Target Cut to $16.00 by Analysts at Barclays

Liberty Energy (NYSE:LBRT - Get Free Report) had its price objective reduced by analysts at Barclays from $17.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 31.36% from the company's previous close.

Other analysts also recently issued research reports about the company. Wells Fargo & Company reiterated an "equal weight" rating and issued a $11.00 price objective (down previously from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Morgan Stanley raised shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $20.00 to $25.00 in a research report on Thursday, March 27th. Royal Bank of Canada downgraded shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $24.00 to $19.00 in a research note on Monday, March 24th. Citigroup raised their target price on Liberty Energy from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price target on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Seven equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.05.

Liberty Energy Trading Up 0.1 %

Shares of LBRT traded up $0.01 during mid-day trading on Tuesday, reaching $12.18. The company's stock had a trading volume of 1,879,402 shares, compared to its average volume of 2,743,966. Liberty Energy has a 52 week low of $9.50 and a 52 week high of $24.75. The stock has a market cap of $1.97 billion, a PE ratio of 6.51 and a beta of 1.18. The company's fifty day moving average price is $14.13 and its two-hundred day moving average price is $17.28. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. The business had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, analysts predict that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Energy news, CFO Michael Stock sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the sale, the chief financial officer now directly owns 717,292 shares of the company's stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds have recently bought and sold shares of LBRT. Barclays PLC lifted its stake in shares of Liberty Energy by 197.9% in the third quarter. Barclays PLC now owns 286,661 shares of the company's stock worth $5,471,000 after buying an additional 190,445 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Liberty Energy by 11.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,077 shares of the company's stock worth $590,000 after acquiring an additional 3,160 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Liberty Energy in the 3rd quarter valued at approximately $403,000. Tidal Investments LLC boosted its stake in Liberty Energy by 14.6% during the 3rd quarter. Tidal Investments LLC now owns 14,299 shares of the company's stock valued at $273,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Liberty Energy by 2.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company's stock valued at $53,706,000 after purchasing an additional 61,909 shares during 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.