Brokerages Set Liberty Energy Inc. (NYSE:LBRT) Target Price at $15.05

Key Points

• Analysts have given Liberty Energy Inc. a consensus rating of "Moderate Buy", with an average twelve-month target price of $15.05.
• The company recently reported a missed earnings estimate of $0.12 per share, falling short of the $0.14 consensus, despite revenue of $1.04 billion exceeding estimates.
• Liberty Energy announced a quarterly dividend of $0.08 per share, which will be paid on September 18th, representing a 2.9% yield.

Shares of Liberty Energy Inc. (NYSE:LBRT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.05.

Several research firms have recently commented on LBRT. Barclays cut their price target on Liberty Energy from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Wells Fargo & Company upped their price objective 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. Wall Street Zen cut shares of Liberty Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Morgan Stanley dropped their price target on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, Stifel Nicolaus cut their price target on shares of Liberty Energy from $20.00 to $19.00 and set a "buy" rating for the company in a report on Monday, July 28th.

Liberty Energy Stock Performance

Shares of NYSE LBRT traded up $0.7540 during midday trading on Monday, reaching $11.3740. 2,797,785 shares of the company were exchanged, compared to its average volume of 3,464,702. The stock has a market cap of $1.84 billion, a P/E ratio of 8.75 and a beta of 0.67. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $23.58. The stock has a fifty day simple moving average of $11.91 and a 200 day simple moving average of $13.12. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.18.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data 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). Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The firm's revenue was down 10.1% compared to the same quarter last year. On average, research analysts forecast that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 4th. Liberty Energy's dividend payout ratio (DPR) is currently 24.62%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sourcerock Group LLC acquired a new position in shares of Liberty Energy during the 2nd quarter worth $23,653,000. Vanguard Group Inc. boosted its holdings in Liberty Energy by 6.5% during the first 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 in the last quarter. Balyasny Asset Management L.P. acquired a new position in Liberty Energy during the fourth quarter worth about $20,337,000. Bridgeway Capital Management LLC increased its holdings in Liberty Energy by 285.9% in the second quarter. Bridgeway Capital Management LLC now owns 1,114,559 shares of the company's stock valued at $12,795,000 after buying an additional 825,759 shares in the last quarter. Finally, Callodine Capital Management LP lifted its position in shares of Liberty Energy by 203.3% during the 2nd quarter. Callodine Capital Management LP now owns 1,057,000 shares of the company's stock valued at $12,134,000 after acquiring an additional 708,453 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

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.