Liberty Energy Inc. (NYSE:LBRT) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Liberty Energy Inc. (NYSE:LBRT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Eight investment 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.23.

A number of analysts have commented on LBRT shares. Barclays cut their price target on shares of Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. TD Cowen raised their target price on shares of Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a research note on Monday, April 21st. Morgan Stanley reduced their price target on Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Wells Fargo & Company upped their price objective on Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Stifel Nicolaus cut their price objective 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.

Institutional Investors Weigh In On Liberty Energy

Institutional investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in Liberty Energy by 197.9% in the 3rd quarter. Barclays PLC now owns 286,661 shares of the company's stock valued at $5,471,000 after purchasing an additional 190,445 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Liberty Energy in the fourth quarter valued at approximately $311,000. Blue Trust Inc. boosted its stake in shares of Liberty Energy by 604.9% in the fourth 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 period. KBC Group NV grew its position in Liberty Energy by 60.7% during the fourth quarter. KBC Group NV now owns 7,884 shares of the company's stock worth $157,000 after buying an additional 2,978 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in Liberty Energy during the fourth quarter worth approximately $60,000. Institutional investors own 98.22% of the company's stock.

Liberty Energy Stock Up 3.4%

Shares of NYSE:LBRT traded up $0.41 during midday trading on Wednesday, reaching $12.33. The company had a trading volume of 1,995,294 shares, compared to its average volume of 2,805,638. 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 business's 50 day moving average price is $11.84 and its 200 day moving average price is $16.03. The stock has a market cap of $2.00 billion, a PE ratio of 6.59 and a beta of 0.71. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $24.43.

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, topping analysts' consensus estimates of $0.03 by $0.01. The company had revenue of $977.46 million for 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 quarter in the prior year, the business posted $0.48 EPS. Research analysts forecast that Liberty Energy will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, June 6th. Liberty Energy's dividend 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.