Liberty Energy (NYSE:LBRT - Free Report) had its price objective reduced by JPMorgan Chase & Co. from $16.00 to $13.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.
Other equities research analysts also recently issued reports about the company. Barclays decreased their target price on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley decreased their target price on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Wells Fargo & Company reissued an "equal weight" rating and set a $11.00 target price (down from $20.00) on shares of Liberty Energy in a research report on Tuesday, April 8th. Citigroup decreased their target price on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group decreased their target price on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.14.
View Our Latest Analysis on LBRT
Liberty Energy Stock Performance
Shares of Liberty Energy stock traded down $0.45 during trading on Wednesday, reaching $11.59. The company's stock had a trading volume of 2,936,335 shares, compared to its average volume of 2,796,372. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.27. The business's fifty day moving average price is $12.21 and its 200-day moving average price is $16.20. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 6.20 and a beta of 0.71. Liberty Energy has a one year low of $9.50 and a one year high of $24.75.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $977.46 million for the quarter, compared to analyst estimates of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same period in the previous year, the company posted $0.48 earnings per share. As a group, equities research analysts predict that Liberty Energy will post 0.58 earnings per share for the current year.
Liberty Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.76%. Liberty Energy's dividend payout ratio is currently 21.19%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of LBRT. Franklin Resources Inc. boosted its holdings in shares of Liberty Energy by 83.5% in the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after acquiring an additional 2,197,352 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liberty Energy by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company's stock worth $291,967,000 after acquiring an additional 1,128,491 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $20,337,000. American Century Companies Inc. boosted its holdings in shares of Liberty Energy by 10.8% in the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after acquiring an additional 505,634 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Liberty Energy in the 1st quarter worth approximately $7,743,000. 98.22% of the stock is owned by institutional investors and hedge funds.
About Liberty Energy
(
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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