Liberty Energy (NYSE:LBRT - Free Report) had its target price cut by JPMorgan Chase & Co. from $16.00 to $13.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.
Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group cut their target price on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Barclays dropped their price objective on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a research note on Monday, April 21st. TD Cowen upped their price objective on shares of Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research note on Monday, April 21st. Finally, Citigroup dropped their price objective on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.14.
Read Our Latest Stock Report on LBRT
Liberty Energy Price Performance
LBRT stock traded down $0.45 during trading on Wednesday, hitting $11.59. The stock had a trading volume of 2,936,335 shares, compared to its average volume of 2,793,615. The company's 50 day moving average price is $12.21 and its two-hundred day moving average price is $16.21. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $24.75. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 6.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating 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 firm had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same quarter in the previous year, the company posted $0.48 EPS. On average, sell-side analysts forecast that Liberty Energy will post 0.58 EPS for the current fiscal year.
Liberty Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio (DPR) is currently 21.19%.
Hedge Funds Weigh In On Liberty Energy
Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its stake in shares of Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after buying an additional 1,583 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Liberty Energy by 604.9% during the 4th quarter. Blue Trust Inc. now owns 2,460 shares of the company's stock valued at $47,000 after buying an additional 2,111 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Liberty Energy during the 4th quarter valued at approximately $60,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Liberty Energy during the 1st quarter valued at approximately $50,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Liberty Energy by 176.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock valued at $67,000 after buying an additional 2,184 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Energy Company Profile
(
Get Free Report)
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.
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