Brokerages Set Liberty Energy Inc. (NYSE:LBRT) Price Target at $15.65

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.65.

Several research firms have weighed in on LBRT. Wells Fargo & Company boosted their target price on shares of Liberty Energy from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Cowen reissued a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st. Wall Street Zen downgraded Liberty Energy from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. dropped 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. Finally, TD Cowen upped their target price on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research report on Monday, April 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in Liberty Energy in the 4th quarter valued at $203,000. HighTower Advisors LLC boosted its holdings in shares of Liberty Energy by 10.2% in the fourth quarter. HighTower Advisors LLC now owns 27,683 shares of the company's stock valued at $551,000 after acquiring an additional 2,568 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Liberty Energy by 15.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,359 shares of the company's stock valued at $465,000 after acquiring an additional 3,058 shares in the last quarter. Xponance Inc. boosted its holdings in Liberty Energy by 7.0% in the 4th quarter. Xponance Inc. now owns 11,263 shares of the company's stock valued at $224,000 after purchasing an additional 733 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Liberty Energy in the 4th quarter valued at approximately $979,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Up 1.6%

Shares of Liberty Energy stock traded up $0.21 on Thursday, reaching $13.17. The stock had a trading volume of 11,375,336 shares, compared to its average volume of 3,862,276. The company has a 50 day moving average price of $12.20 and a 200 day moving average price of $14.40. 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 has a 1 year low of $9.50 and a 1 year high of $24.43. The stock has a market capitalization of $2.13 billion, a P/E ratio of 10.13 and a beta of 0.66.

Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Liberty Energy had a return on equity of 6.06% and a net margin of 5.29%. Liberty Energy's revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that Liberty Energy will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.43%. Liberty Energy's dividend payout ratio (DPR) is presently 24.62%.

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.