Analysts Set Liberty Energy Inc. (NYSE:LBRT) PT at $18.05

Shares of Liberty Energy Inc. (NYSE:LBRT - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.05.

Several brokerages have weighed in on LBRT. Royal Bank of Canada cut Liberty Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $24.00 to $19.00 in a report on Monday, March 24th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price objective (down from $20.00) on shares of Liberty Energy in a report on Tuesday, April 8th. Morgan Stanley raised Liberty Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $20.00 to $25.00 in a report on Thursday, March 27th. The Goldman Sachs Group lowered their price target on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Barclays lowered their price target on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd.

Institutional Investors Weigh In On Liberty Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Liberty Energy by 604.9% in 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. 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 valued at $47,000 after buying an additional 1,583 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Liberty Energy in the 1st quarter valued at about $50,000. Spire Wealth Management bought a new stake in shares of Liberty Energy in the 4th quarter valued at about $60,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Liberty Energy by 176.3% in 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. Institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Performance

NYSE:LBRT traded down $0.51 during mid-day trading on Friday, hitting $12.00. 592,712 shares of the stock were exchanged, compared to its average volume of 2,759,974. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 6.42 and a beta of 0.71. The firm's 50-day simple moving average is $12.89 and its 200 day simple moving average is $16.68. 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 has a fifty-two week low of $9.50 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released 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. The business had revenue of $977.46 million during the quarter, compared to analysts' expectations 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 last year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that Liberty Energy will post 0.58 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.67%. Liberty Energy's dividend payout ratio is currently 21.19%.

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.