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

Shares of Liberty Energy Inc. (NYSE:LBRT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.05.

Several brokerages have recently weighed in on LBRT. Stifel Nicolaus reduced their price target on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Citigroup reduced their target price on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $24.00 to $19.00 in a research note on Monday, March 24th. Finally, Barclays lowered their target price on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd.

Institutional Investors Weigh In On Liberty Energy

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 in the last quarter. CIBC Private Wealth Group LLC grew its position in Liberty Energy by 257.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock valued at $47,000 after acquiring an additional 1,583 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Liberty Energy during the fourth quarter worth approximately $60,000. Smartleaf Asset Management LLC raised its stake in shares of Liberty Energy by 176.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,423 shares of the company's stock worth $67,000 after acquiring an additional 2,184 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Energy by 45.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock worth $71,000 after acquiring an additional 1,392 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $12.08 on Friday. The firm has a market capitalization of $1.96 billion, a PE ratio of 6.46 and a beta of 0.71. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $13.05 and a two-hundred day moving average price of $16.79. Liberty Energy has a twelve month low of $9.50 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, topping 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 company had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. During the same period last year, the firm earned $0.48 EPS. Equities analysts forecast that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 2.65%. Liberty Energy's dividend payout ratio (DPR) is presently 21.19%.

About Liberty Energy

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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