Liberty Energy Inc. (NYSE:LBRT) Receives $17.14 Average PT from Analysts

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

LBRT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Wells Fargo & Company lifted their price target on Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday. TD Cowen upped their price objective on Liberty Energy from $10.00 to $13.00 and gave the stock a "hold" rating in a report on Monday, April 21st. Stifel Nicolaus reduced their target price on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup decreased their target price on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

Liberty Energy Stock Performance

Shares of NYSE LBRT traded down $0.14 during mid-day trading on Wednesday, hitting $11.92. 3,279,331 shares of the company were exchanged, compared to its average volume of 3,338,435. The stock has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $16.10. Liberty Energy has a 1-year low of $9.50 and a 1-year high of $24.43. 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 firm has a market cap of $1.93 billion, a price-to-earnings ratio of 6.37 and a beta of 0.71.

Liberty Energy (NYSE:LBRT - Get Free Report) last released its earnings results 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 analysts' expectations of $960.64 million. During the same quarter last year, the business earned $0.48 EPS. On average, sell-side analysts forecast that Liberty Energy will post 0.58 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, June 6th. Liberty Energy's dividend payout ratio is presently 21.19%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LBRT. Principal Financial Group Inc. grew its holdings in shares of Liberty Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 897,040 shares of the company's stock worth $17,842,000 after buying an additional 24,825 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Liberty Energy during the fourth quarter worth approximately $6,792,000. Two Sigma Advisers LP acquired a new stake in Liberty Energy during the fourth quarter worth approximately $2,779,000. Barclays PLC grew its stake in Liberty Energy by 197.9% in the 3rd quarter. Barclays PLC now owns 286,661 shares of the company's stock worth $5,471,000 after acquiring an additional 190,445 shares during the period. Finally, Miller Howard Investments Inc. NY raised its holdings in Liberty Energy by 315.8% in the 4th quarter. Miller Howard Investments Inc. NY now owns 133,169 shares of the company's stock valued at $2,649,000 after acquiring an additional 101,144 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

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.