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

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen ratings firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.23.

A number of equities analysts have weighed in on LBRT shares. Barclays decreased their price target on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Citigroup decreased their price target on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Royal Bank Of Canada lowered shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $24.00 to $19.00 in a report on Monday, March 24th. Finally, Cowen reiterated a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st.

Hedge Funds Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in Liberty Energy by 83.5% during the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock worth $96,043,000 after buying an additional 2,197,352 shares during the period. Vanguard Group Inc. increased its stake in Liberty Energy by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company's stock worth $291,967,000 after buying an additional 1,128,491 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Liberty Energy during the 4th quarter worth $20,337,000. American Century Companies Inc. increased its stake in Liberty Energy by 10.8% during the 4th quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock worth $102,992,000 after buying an additional 505,634 shares during the period. Finally, Nuveen LLC purchased a new stake in Liberty Energy during the 1st quarter worth $7,743,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Liberty Energy Trading Down 0.0%

Shares of Liberty Energy stock opened at $11.58 on Friday. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $24.43. The firm has a market cap of $1.87 billion, a PE ratio of 7.67 and a beta of 0.68. The business's fifty day moving average is $12.17 and its two-hundred day moving average is $15.42. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.21.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The company 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 10.30% and a net margin of 6.03%. During the same quarter in the prior year, the company posted $0.48 EPS. Analysts anticipate that Liberty Energy will post 0.58 earnings per share for the current year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, June 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.76%. Liberty Energy's payout ratio is 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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