Liberty Energy (NYSE:LBRT - Get Free Report) had its price objective dropped by equities researchers at Piper Sandler from $14.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's price objective indicates a potential upside of 18.51% from the company's current price.
LBRT has been the subject of a number of other research reports. Citigroup cut their price objective on shares of Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on shares of Liberty Energy from $25.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a research report on Monday, April 21st. Wall Street Zen lowered shares of Liberty Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Liberty Energy from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.05.
View Our Latest Stock Report on Liberty Energy
Liberty Energy Price Performance
LBRT stock traded down $0.27 during trading on Thursday, reaching $10.97. 1,767,927 shares of the company were exchanged, compared to its average volume of 4,408,739. The company has a market cap of $1.78 billion, a P/E ratio of 15.45 and a beta of 0.67. Liberty Energy has a 52-week low of $9.50 and a 52-week high of $23.58. The stock's 50 day moving average price is $12.13 and its 200 day moving average price is $13.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 1.16.
Liberty Energy (NYSE:LBRT - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) 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 analyst estimates of $1.01 billion. Liberty Energy had a return on equity of 6.01% and a net margin of 5.29%. The business'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, analysts predict that Liberty Energy will post 0.58 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Liberty Energy
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Liberty Energy by 6.5% in the first quarter. Vanguard Group Inc. now owns 18,443,909 shares of the company's stock valued at $291,967,000 after purchasing an additional 1,128,491 shares during the period. American Century Companies Inc. boosted its stake in shares of Liberty Energy by 10.6% in the second quarter. American Century Companies Inc. now owns 6,093,383 shares of the company's stock valued at $69,952,000 after purchasing an additional 584,774 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Liberty Energy by 21.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,967,041 shares of the company's stock valued at $34,062,000 after purchasing an additional 529,023 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Energy by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,507,658 shares of the company's stock valued at $39,696,000 after purchasing an additional 73,792 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Liberty Energy by 20.4% in the second quarter. Bank of New York Mellon Corp now owns 2,161,558 shares of the company's stock valued at $24,815,000 after purchasing an additional 365,506 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
About Liberty Energy
(
Get Free Report)
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.
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