Analysts Set Liberty Energy Inc. (NYSE:LBRT) Price Target at $17.23

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.23.

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Citigroup dropped their target price on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada downgraded Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Stifel Nicolaus decreased their price objective on shares of Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their target price on shares of Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th.

Institutional Trading of Liberty Energy

A number of institutional investors have recently modified their holdings of LBRT. CIBC Private Wealth Group LLC lifted its position in Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after acquiring an additional 1,583 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Liberty Energy in the 1st quarter worth about $50,000. Smartleaf Asset Management LLC lifted its holdings in Liberty Energy by 176.3% in 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 during the last quarter. PNC Financial Services Group Inc. increased its position in Liberty Energy by 45.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock worth $71,000 after buying an additional 1,392 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Liberty Energy during the fourth quarter worth approximately $99,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Performance

Shares of NYSE:LBRT traded up $0.29 during trading on Friday, reaching $12.22. The company had a trading volume of 1,321,408 shares, compared to its average volume of 2,838,566. Liberty Energy has a fifty-two week low of $9.50 and a fifty-two week high of $24.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.91. The stock's fifty day moving average price is $12.17 and its 200 day moving average price is $15.32. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.09 and a beta of 0.66.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Liberty Energy had a net margin of 6.03% and a return on equity of 10.30%. The company had revenue of $977.46 million for the quarter, compared to analysts' expectations of $960.64 million. During the same period in the previous year, the company posted $0.48 EPS. As a group, equities research analysts predict 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 was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.08 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.32 annualized dividend and a dividend yield of 2.62%. Liberty Energy's dividend payout ratio is presently 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.