Liberty Energy (NYSE:LBRT - Get Free Report) had its target price cut by investment analysts at Piper Sandler from $14.00 to $13.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price target points to a potential upside of 20.76% from the company's current price.
A number of other equities analysts have also recently commented on LBRT. JPMorgan Chase & Co. cut their target price on shares of 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 target price on shares of Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Barclays cut their target price on shares of Liberty Energy from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Tuesday, July 29th. Cowen reaffirmed a "hold" rating on shares of Liberty Energy in a report on Monday, April 21st. Finally, TD Cowen boosted their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.05.
View Our Latest Report on LBRT
Liberty Energy Stock Down 1.4%
Liberty Energy stock traded down $0.1550 during trading on Thursday, reaching $10.7650. The stock had a trading volume of 1,365,942 shares, compared to its average volume of 3,429,393. Liberty Energy has a 52-week low of $9.50 and a 52-week high of $23.58. The business has a 50 day moving average price of $12.10 and a 200 day moving average price of $13.25. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.74 billion, a PE ratio of 8.27 and a beta of 0.67.
Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company 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 6.01% and a net margin of 5.29%.The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, analysts predict that Liberty Energy will post 0.58 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Liberty Energy by 6.5% in the 1st 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 in the last quarter. American Century Companies Inc. lifted its holdings in Liberty Energy by 10.6% in the 2nd 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Liberty Energy by 21.7% in the 2nd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Liberty Energy by 3.0% in the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Liberty Energy by 20.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,161,558 shares of the company's stock worth $24,815,000 after acquiring 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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