Liberty Energy Inc. (NYSE:LBRT) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Liberty Energy, with seven buys and six holds among 13 analysts. The average 12-month price target is $30.00.
• Liberty Energy exceeded quarterly expectations, reporting $0.09 EPS versus the $0.08 consensus and $1.19 billion in revenue versus $1.09 billion expected; revenue increased 14% year over year.
• The company declared a quarterly dividend of $0.09 per share, equivalent to a $0.36 annualized payout and a 1.9% yield. Institutional investors and hedge funds own 98.22% of the stock.

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.00.

LBRT has been the subject of several research analyst reports. Zacks Research lowered shares of Liberty Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reduced their price target on shares of Liberty Energy from $34.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Friday, July 24th. Weiss Ratings restated a "hold (c)" rating on shares of Liberty Energy in a report on Wednesday, July 29th. UBS Group reaffirmed a "buy" rating on shares of Liberty Energy in a research report on Friday, June 26th. Finally, Barclays lifted their target price on shares of Liberty Energy from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, May 8th.

Insider Buying and Selling at Liberty Energy

In other news, Director Arjun N. Murti acquired 14,053 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was acquired at an average cost of $17.79 per share, with a total value of $250,002.87. Following the completion of the purchase, the director owned 41,621 shares of the company's stock, valued at $740,437.59. This represents a 50.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael Stock sold 13,332 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $29.46, for a total value of $392,760.72. Following the completion of the sale, the chief financial officer owned 787,043 shares in the company, valued at $23,186,286.78. This represents a 1.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 29,997 shares of company stock valued at $814,785. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors have recently bought and sold shares of LBRT. Root Financial Partners LLC lifted its position in shares of Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company's stock worth $26,000 after purchasing an additional 405 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Liberty Energy in the first quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Liberty Energy in the first quarter valued at approximately $28,000. Los Angeles Capital Management LLC purchased a new stake in Liberty Energy during the 4th quarter worth approximately $29,000. Finally, Kelleher Financial Advisors purchased a new stake in Liberty Energy during the 3rd quarter worth approximately $29,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Liberty Energy Stock Performance

Shares of Liberty Energy stock opened at $19.26 on Friday. The firm has a market cap of $3.14 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.74. Liberty Energy has a 52 week low of $9.90 and a 52 week high of $34.48. The business's fifty day simple moving average is $22.23 and its 200-day simple moving average is $26.85.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The company's quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. Equities analysts forecast that Liberty Energy will post 0.33 earnings per share for the current year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. Liberty Energy's dividend payout ratio (DPR) is currently 48.65%.

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.

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