Liberty Energy (NYSE:LBRT) Given New $19.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus has reduced Liberty Energy's price target from $20.00 to $19.00, while maintaining a "buy" rating, indicating a potential upside of 44.10% from the stock's current price.
• Analysts have varied opinions on Liberty Energy, with target price estimates ranging from $12.00 to $19.00, and a consensus rating of "Moderate Buy".
• Liberty Energy recently reported a net revenue of $1.04 billion for the quarter, falling short of expectations, with earnings per share of $0.12.

Liberty Energy (NYSE:LBRT - Get Free Report) had its price target reduced by analysts at Stifel Nicolaus from $20.00 to $19.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 44.10% from the stock's current price.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Liberty Energy from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Citigroup decreased their price objective on Liberty Energy from $16.00 to $13.50 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Barclays reduced their price target on Liberty Energy from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Finally, Piper Sandler initiated coverage on Liberty Energy in a report on Tuesday, July 15th. They set a "neutral" rating and a $14.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Liberty Energy has a consensus rating of "Moderate Buy" and an average target price of $15.35.

Liberty Energy Price Performance

Shares of Liberty Energy stock traded up $0.05 during trading hours on Monday, hitting $13.19. The company's stock had a trading volume of 2,679,899 shares, compared to its average volume of 3,467,376. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.16. The business has a 50 day moving average price of $12.20 and a two-hundred day moving average price of $14.35. Liberty Energy has a 12-month low of $9.50 and a 12-month high of $24.43. The company has a market cap of $2.14 billion, a PE ratio of 10.13 and a beta of 0.66.

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 (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). Liberty Energy had a net margin of 5.29% and a return on equity of 6.01%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.64 earnings per share. Liberty Energy's revenue for the quarter was down 10.1% on a year-over-year basis. Analysts expect that Liberty Energy will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Energy

Several large investors have recently made changes to their positions in LBRT. Apollon Wealth Management LLC increased its stake in Liberty Energy by 0.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 126,088 shares of the company's stock worth $1,447,000 after purchasing an additional 829 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Liberty Energy by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 62,536 shares of the company's stock worth $990,000 after acquiring an additional 914 shares in the last quarter. Cooper Financial Group grew its stake in shares of Liberty Energy by 10.9% during the 1st quarter. Cooper Financial Group now owns 11,641 shares of the company's stock worth $184,000 after acquiring an additional 1,145 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Liberty Energy by 45.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,465 shares of the company's stock worth $71,000 after acquiring an additional 1,392 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Liberty Energy by 257.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,197 shares of the company's stock worth $47,000 after acquiring an additional 1,583 shares in the last quarter. Institutional investors 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.

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