Barclays Has Lowered Expectations for Liberty Energy (NYSE:LBRT) Stock Price

Key Points

• Barclays lowered its price target for Liberty Energy (NYSE:LBRT) from $16.00 to $14.00, maintaining an "overweight" rating, indicating a potential upside of 11.51% from the stock's previous close.
• Other analysts, including Stifel Nicolaus and JPMorgan Chase, have also reduced their price targets, with a consensus target price of $15.15 reflecting a "Moderate Buy" rating.
• Liberty Energy's most recent earnings report showed an EPS of $0.12, missing expectations, and a 10.1% year-over-year revenue decline, underscoring financial pressures on the company.

Liberty Energy (NYSE:LBRT - Get Free Report) had its price objective reduced by analysts at Barclays from $16.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 20.59% from the stock's current price.

LBRT has been the topic of several other reports. Cowen reiterated a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Wall Street Zen downgraded Liberty Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. 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 report on Thursday, April 10th. Wells Fargo & Company raised their price objective on Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, Morgan Stanley cut their price objective on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.15.

Liberty Energy Trading Down 5.9%

NYSE LBRT traded down $0.73 during trading hours on Tuesday, hitting $11.61. 2,952,198 shares of the company's stock were exchanged, compared to its average volume of 4,644,265. The business's 50 day moving average is $12.27 and its 200-day moving average is $14.14. Liberty Energy has a 12-month low of $9.50 and a 12-month high of $23.58. The firm has a market capitalization of $1.88 billion, a P/E ratio of 8.93 and a beta of 0.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the company posted $0.64 earnings per share. The business's quarterly revenue was down 10.1% compared to the same quarter last year. As a group, analysts anticipate that Liberty Energy will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LBRT. LPL Financial LLC grew its position in shares of Liberty Energy by 35.7% in the 4th quarter. LPL Financial LLC now owns 14,788 shares of the company's stock worth $294,000 after acquiring an additional 3,887 shares in the last quarter. Norges Bank acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $8,140,000. New Age Alpha Advisors LLC acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $195,000. Schroder Investment Management Group acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $418,000. Finally, CIBC Private Wealth Group LLC grew its position 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 acquiring an additional 1,583 shares in the last quarter. Institutional investors and hedge funds 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.